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).