18 September 2018

Exim Bank 6.8 bln yuan bond auction set for Friday, paper says

The Export-Import Bank of China, one of the country’s major policy banks, is planning to auction up to 6.85 billion yuan (US$1.12 billion) worth of fixed-rate bonds on Friday, the China Securities Journal reported Wednesday, citing a bank announcement. The yield of the two-year bonds will be set through a bidding process by interbank underwriters, it said. Proceeds raised will be used to increase lending, according to the report.

– Contact HKEJ at [email protected]



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