China EximBank issues global bonds worth 3b yuan

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Beijing

The Export-Import Bank of China (China EximBank), a state-owned policy bank, has issued bonds worth 3 billion yuan (about 465 million U.S. dollars) to international investors.

The three-year bonds with a yield of 2.7455 percent were issued Wednesday and the money raised will be used to support the development of Guangdong-Hong Kong-Macao Greater Bay Area, according to the bank.

This is the first time the bank has issued financial bonds to global investors through direct bidding, and more than 100 institutional investors worldwide participated in the bidding process.

Foreign investors’ holdings of bonds issued by China’s policy banks topped 1.05 trillion yuan by the end of August, official data showed.— Xinhua

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