China Exim Bank to issue RMB 10 bln bonds on Thu

The Export-Import Bank of China (China Exim Bank), one of the three policy banks in the country, announced that it will issue RMB 10 billion fixed-rate bonds with a maturity of one year on the interbank market this Thursday.

The bank said in a statement on Monday that the one-year bonds, the 13th batch for this year, will be issued at face value, and the yield will be determined during the book building process.

Proceeds from the issuance will be used as the bank's credit loan. The value date and pay day both start from Dec. 15.

The bank planned to issue RMB 177 billion worth of bonds in total this year, of which RMB 117 billion will be mid-and long-term bonds and the remaining RMB 60 billion will be short-term ones, the policy bank said earlier.