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Eximbank Issues Short-term Financial Bonds
The China Export and Import Bank (Eximbank) announced Wednesday that it has successfully issued 4.5 billion yuan (US$577 million) in 3-month financial bonds.
The issuance was through price discount public bidding, with the winning price at 99.49 yuan (US$11.99) per 100 yuan (US$12.05) of bonds.
A spokesman for the Eximbank said that 33 underwriters took part in the bidding, with a valid bidding volume totaling 17.675 billion yuan (US$2.13 billion), or 3.93 times the value of the issuance.
This is the first time this year for the Eximbank to issue financial bonds with a maturing term of less than one year, and also the first time this year it adopted price discount bidding in its issuance.
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