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

Jul. 17, 2012 (China Knowledge) - The Export-Import Bank of China, one of the three government policy banks in China, said it will auction off RMB 30 billion worth of fixed-rate bonds in two tranches on the interbank market on Jul. 20.

The bank plans to float RMB 15 billion in five-year bonds with a coupon rate of 3.49% and RMB 15 billion in seven-year bonds with a coupon rate of 3.71%.

The value date and payment due date of the five-year bonds will be on Aug. 2, and the to-be-issued bonds will become tradable on Aug. 8.

The value date and payment due date of the seven-year bonds will be on Aug. 8, and the to-be-issued bonds will become tradable on Aug. 14.

The bank's net profit grew 11.8% YoY to RMB 3.13 billion in 2011, China Knowledge reported earlier.







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