Aug. 14, 2012 (China Knowledge) - The Export-Import Bank of China, also known as China Exim Bank and is one of the country's policy-oriented banks, plans to auction RMB 15 billion worth of fixed-rate financial bonds on the interbank market on Aug. 17.
The policy lender said in a statement that the bonds will have a maturity of seven years.
The value date and payment due date of the bonds is on Aug. 21, and the bonds will become tradable on Aug. 27.
On Jul. 20, the bank issued 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%.