Exim Bank of China Issues 4 Billion Yuan in Anti-Coronavirus Bonds

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One of China’s three policy banks has issued another 4 billion yuan in bonds to raise funds to help contain the spread of the novel coronavirus.

The Export and Import Bank of China (Chexim Bank) issued 4 billion yuan in coronavirus bonds with a reference yield of 1.7036%, 30 basis points below then secondary-market valuation.

On 5 Feb­ru­ary the Agri­cul­tural De­vel­op­ment Bank of China (ADBC) is­sued 5 bil­lion yuan in bonds for com­bat­ing the spread of the coro­n­avirus, with a coupon rate of 1.8833%.

China Development Bank is also scheduled to issue 8 billion yuan in coronavirus bonds, bringing total issuance by Chinese policy lenders to 17 billion yuan (approx. USD$2.44 billion).

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