Global law firm White & Case LLP has advised China Development Bank International Holdings Limited (CDBIH), China Development Bank Capital Corporation Limited (CDB Capital) and CDBI Treasure I Limited (the issuer) on the establishment of the issuer's US$500 million medium term notes programme, guaranteed by CDBIH and with the benefit of a keepwell and liquidity support deed and a deed of equity interest purchase undertaking provided by CDB Capital, and the subsequent issuance of US$500 million of notes under the programme, which closed on 2 August 2016.

The programme and the notes are listed on the Hong Kong Stock Exchange.

"Our advice helped ensure the successful completion of this significant transaction within a tight timeframe," said Hong Kong-based White & Case partner Baldwin Cheng, Co-Head of Frim's Asia Banking & Restructuring Practice.

"White & Case has a strong presence in the Greater China market and our team of experienced, Mandarin-speaking capital markets attorneys is well placed to support important clients such as CDB Capital," said Hong Kong-based local partner Jessica Zhou.

The White & Case team which advised on the transaction was led by local partner Jessica Zhou (Hong Kong) and included partners Baldwin Cheng (Hong Kong) and Kaya Proudian (Singapore), with support from associates Christina Lui (Singapore), Judy Lau (Hong Kong) and June Chun (Beijing).