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

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).

Related stories

Chi­na’s Pol­icy Banks Is­sue USD$2.29 Bil­lion in Anti-coro­n­avirus Bonds

PBOC Es­tab­lishes “Green Pipeline” for Is­suance of Bonds by Chi­nese Fi­nan­cial In­sti­tu­tions Dur­ing Coro­n­avirus Out­break