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Export-Import Bank of China to auction RMB 15 bln bonds

Mar. 7, 2012 (China Knowledge) - Export-Import Bank of China, one of the three government policy banks in China, has announced plans to auction RMB 15 billion bonds with a maturity of seven years on the interbank market on Mar. 9.

In a statement, the policy lender said it has option to issue additional RMB 5 billion of bonds in the issue, the bank's third bond issue this year.

Both value date and payment due date will be Mar. 13 and the to-be-issued bonds tradable Mar. 19.

Also on Mar. 9, the lender will issue this year's fourth bond worth RMB 15 billion with a maturity of five years and has option to issue additional RMB 5 billion. Both value date and payment due date will be Mar. 20 and the to-be-issued bonds tradable Mar. 26.

President Li Ruogu said the bank plans to issue RMB 10 billion worth of RMB-denominated bonds in Hong Kong this year, adding that the lender would continue to support domestic companies' overseas investments, including in Europe.







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