CHINA DEVELOPMENT BANK Debt Securities UNDERWRITING AGREEMENT BASIC TERMSUnderwriting Agreement • September 8th, 2004 • China Development Bank • State commercial banks • New York
China Development Bank (the “Bank”), a government policy-oriented statutory financial institution of the People’s Republic of China (“China” or the “PRC”), may issue and sell from time to time its debt securities (the “Debt Securities”) in one or more series registered under the Registration Statement referred to below. The Debt Securities may have such varying terms as are indicated in the Basic Prospectus referred to below, with all such terms for any particular series of Debt Securities sold pursuant to the terms hereof (together with any other terms relating to such series) to be determined at the time of sale and set forth in a Terms Agreement substantially in the form of Exhibit A hereto (a “Terms Agreement”) relating to such series and incorporating by reference the terms and conditions set forth herein. Each series of Debt Securities will be issued pursuant to the Fiscal Agency Agreement, dated as of [May 18, 1999] between the Bank and JPMorgan Chase Bank (formerly known as “Th
