The Export-import (Exim) Bank of China would auction up to 12 billion yuan worth of 3-tranche financial bonds, namely 5-, 10-, and 3-year bonds on May 6. These batches of the financial bonds are the sequel for the 6th, 8th and 9th batches offered by the bank this year, with the auction amount of each one no more than 4 billion yuan. Dutch bidding will be adopted as the tender mode for the bond offerings. China Exim Bank is a Chinese government-backed policy bank and its bonds can enjoy zero risk weighting until maturity.
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