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China's Policy Bank Issues 5-billion-yuan in Bonds
The China Export and Import Bank (Eximbank) announed Tuesday that it has successfully issued 5 billion yuan (about 609 million US dollars) worth of seven-year-term financial bonds through a public bidding.
These bonds have the longest term among all the bonds issued by the Eximbank since it was founded in 1994 as one of the three policy banks of China in charge of export credit businesses.
Altogether 40 underwriters participated in the bidding, with a total effective bidding volume of 162 times and 28 of the underwriters winning the bid, according to the source.
The Eximbank has sold six issues of financial bonds this year, and the combined financing volume has reached 41.5 billion yuan, meeting the demands of their businesses.
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