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China Exim Bank to sell 4-tranche financial bonds on April 2

2015-03-31 10:58

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The Export-import (Exim) Bank of China would auction up to 16 billion yuan worth of 4-tranche financial bonds, namely 1-, 5-, 7- and 10-year bonds on April 2. Dutch bidding will be adopted as the tender mode for the 1-, 5- and 10-year products, while American bidding will be used for the 7-year products. 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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