The China Export and Import Bank (Eximbank) announced Friday that it has successfully issued 10 billion yuan-worth of five-year financial bonds through public bidding, with a winning interest rate of 2.01 percent.
A spokesman for the Eximbank said that 53 underwriters participated in the bidding, with valid bidding volume totaling 28.98 billion yuan, or 2.9 times the value of theissuance.
He said that this is the first time Eximbank has issued five-year bonds through public bidding as previously the bank mainly issued medium and short-term bonds.
In addition, this is also a record volume for a single issuance by the Eximbank, he said.
(People's Daily June 7, 2002)