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Export-Import Bank of China to issue RMB 30 bln bonds

May. 22, 2012 (China Knowledge) - The Export-Import Bank of China, one of the three government policy banks in China, said it will auction RMB 30 billion worth of fixed-rate bonds in two tranches on the interbank market on May 25.

The bank plans to float RMB 15 billion in five-year bonds and RMB 15 billion in seven-year bonds.

The value date and payment due date of the five-year bonds will be on May 30, and the to-be-issued bonds will become tradable on Jun. 6.

The value date and payment due date of the seven-year bonds will be on Jun. 7, and the to-be-issued bonds will become tradable on Jun. 13.

As of the end of 2011, the bank's total assets had increased to RMB 1.37 trillion. The lender issued RMB 478.7 billion of loans last year.






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