CDB mandates three banks for $1 bln HK IPO of leasing unit-IFR

October 14, 2015 2:05 AM

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HONG KONG Oct 14 State-owned China Development Bank (CDB) has mandated Bank of America Merrill Lynch, Citic CLSA and Deutsche Bank to manage a Hong Kong initial public offering worth about $1 billion for its leasing unit, IFR reported on Wednesday.

CDB Leasing, the unit of China's largest policy bank, plans to go public in the first half of 2016, added IFR, a Thomson Reuters publication, citing people familiar with the plans.

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