China Development Bank Leasing lists $500m sustainability bonds on HKEX

China Development Bank Financial Leasing Co., Ltd. has listed U.S.$500,000,000 4.60 per cent dated Sustainability Tier 2 Capital Bonds due 2035 on the Stock Exchange of Hong Kong Limited. The bonds were issued offshore on November 10, 2025, following approvals from the 2023 annual general meeting and the National Financial Regulatory Administration Shenzhen Office.

These bonds have a 10-year tenor with a fixed interest rate. The initial fixed interest rate is 4.60 per cent per annum, applicable from November 10, 2025, to November 10, 2030. The interest rate for the period from November 10, 2030, to November 10, 2035, will be determined according to the offering circular dated November 4, 2025. The issuer holds a conditional right to redeem the bonds at the end of the fifth year.

Standard Chartered Bank is the sole sustainability structuring bank and also serves as a joint global coordinator, along with other banks including China CITIC Bank International, HSBC, and Bank of China, acting as joint lead managers and joint bookrunners. The listing of, and permission to deal in, the bonds is expected to become effective on November 11, 2025.