Exim Bank of China Issues 3 Billion Yuan in Bonds for Cross-Straits Development

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One of China’s big three policy banks has just completed a debt issue to raise funds to drive development in the Fujian province and Taiwan Strait region.

Export-Import Bank of China (Exim Bank) issued 3 billion yuan in “integrated development” financial bonds, with a term of three years and a reference rate of return of 2.5558%.

The bond issue by Exit Bank was 5.65 times oversubscribed.

Exim Bank executives said that the funds would be used to help drive coordinated development in the Fujian province region, raise the effectiveness of regional policy-based financial services, and actively drive integration in the Taiwan Strait via “real action.”