The Export-Import Bank of China or China Exim Bank floated 5-year and 7-year fixed-rate bonds at unexciting 3.1811 percent and 3.4347 percent annualized yields Tuesday.
The yield result, which was 7.52 basis points (bp) lower and 0.48 bp higher than the comparable yields in secondary market trading at present, was produced amid relatively encouraging 3.35 times and 2.48 times of subscription.
China Exim Bank is a Chinese policy lender whose bonds can enjoy zero risk weighting until maturity. It sold the bond products, additional issues for its 10th and 13th batch of bonds auctioned this year, to support its credit lending business.
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