Export-Import Bank of China Plans Dollar and Euro Bond Offerings -- Document

    By Carol Chan 
 

HONG KONG--The Export-Import Bank of China is planning U.S. dollar-denominated and euro-denominated bond offerings, according to a mandate announcement seen Monday by The Wall Street Journal.

The Chinese policy bank, which is rated Aa3 by Moody's, AA- by Standard & Poor's and A+ by Fitch, is planning to sell five-year and ten-year dollar senior unsecured bonds, the document said. It also plans to sell three-year euro senior unsecured bonds.

China EximBank has hired Bank of China, Bank of Communications' Hong Kong Branch, Barclays, Citi, HSBC, Mizuho Securities and MUFG as joint lead managers and joint bookrunners to handle the dollar bond sale, according to the document.

It also has hired Bank of China, Bank of Communications' Hong Kong Branch, Barclays, Credit Agricole CIB, HSBC and ING as joint lead managers and joint bookrunners to handle euro bond sale, the document said.

China EximBank will hold investor calls with global fixed-income investors starting on April 18, the document said.

Write to Carol Chan at [e-mail]

(END) Dow Jones Newswires

April 17, 2016 22:17 ET (02:17 GMT)

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