The Export-Import Bank of China will issue 10 billion yuan (US$1.25 billion) worth of financial bonds by inviting bids from June 15 to June 23.

 

The 18-month financial bond is the bank's second batch of financial bond this year.

 

The interest rate will be decided through public bids and it will be paid every half a year, according to a recent report of the China Securities News.

 

Major underwriters of the financial bonds include the Industrial and Commercial Bank of China, the Agricultural Bank of China, Bank of China and 53 other institutions.

 

(Xinhua News Agency June 13, 2006)