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Eximbank Issues 2-Year Financial Bonds
The Export and Import Bank of China (Eximbank) has successfully issued 5 billion yuan (about 610 million U.S. dollars) of financial bonds Wednesday through public bidding.
The winning interest rate for the two-year bonds is 2.65 percent. Forty-two underwriters participated in the bidding through the bond issuing system of the People's Bank of China, with an effective bidding volume of 21.74 billion yuan, 4.35 times the issuing amount.
An Eximbank spokesman said that this is the first two-year financial bonds in China's bond market this year.
He said China's export continued its growing momentum this year, and the Eximbank will further enhance its financial support for export enterprises, improve the competitiveness of China's machinery and electronics products, complete sets of equipment and hi-tech products in international market, and support Chinese enterprises to develop international markets through various channels.
In the first half of this year, the Eximbank made four issues through public bidding and financed a total of 28.5 billion yuan, surpassing the total last year.
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