The Export-Import Bank of China (China Exim Bank) auctioned 3-tranche bonds, namely 3-year, 5- and 10-year financial bonds on Thursday, with the yields standing at 2.98 percent, 3.22 percent and 3.47 percent respectively.
These three batches of bonds drew strong demand from investors, with the subscription ratios at 3.58, 3.14 and 3.31 times the volumes offered. The money raised will be used as credit loans of the bank. China Exim Bank is a Chinese government-backed policy bank and its bonds can enjoy zero risk weighting until maturity.
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