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The China Export and Import Bank (Eximbank) announced on Wednesday that it has successfully issued 8 billion yuan (US$975 million) of three-year-term financial bonds through public bidding.
This is the Eximbank's fifth issue of financial bonds this year, and the combined financing volume has reached 36.5 billion yuan (US$4.39 billion), ensuring the demand of export credit businesses.
A spokesman for the Eximbank said that the bank has closely studied the present bond market conditions before designing the term of this issue, which caters to investors' need for medium and short-term bonds.
Altogether 43 underwriters participated in the bidding, with a total effective bidding volume of 33.86 billion yuan or 4.23 times the bonds to be issued, and 23 of the underwriters won the bid at an annual interest rate of 2.92 percent.
(Xinhua 08/29/2001)
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