China Eximbank to sell 10 bln yuan 7-year financial bonds
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The Export-Import Bank of China (China Eximbank) said Friday it would sell 10 billion yuan (1.46 billion U.S dollars) worth of seven-year floating-rate financial bonds on October 13.
The benchmark interest rate of the bonds equaled the one-year fixed deposit interest rate set by the People's bank of China for financial institutions. The interest rate spread will be fixed through bidding by the financial bonds underwriting group.
It will be the first time the bank issue seven-year financial bonds in 2009. However, the bank has already issued other financial bonds for seven times this year, worthing 101.37 billion yuan.
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