As an important measure to implement the decisions and arrangements made by the CPC Central Committee and the State Council to support the economic and social development in Hubei Province, China Eximbank successfully issued a 1-year RMB5 billion bond for economic revival in Hubei Province with a coupon rate of 1.0119% by tender in the inter-bank bond market on May 7. The funds raised will be used to support enterprises in work resumption. The issuance was warmly recognized and actively supported by the market.
This bond is the first financial bond on the market to support Hubei’s revival. Bearing in mind its role in making counter-cyclic adjustment, China Eximbank has been working hard to provide greater support for the economic and social development as well as people’s livelihood in Hubei Province, with low cost funds raised through the joint efforts of its head office and local branches.
Since the outbreak of the COVID-19, China Eximbank has made every effort to implement the policies on anti-epidemic financial support and launched many special and phased measures to support businesses in Hubei Province, the worst-hit region in China. In the first quarter, China Eximbank delivered more than RMB14 billion of loans to enterprises in Hubei, giving strong financial backup for the significant progress made in the battle against the epidemic in Wuhan and Hubei at large and for the post-epidemic economic revival.
In the next stage, China Eximbank will stay committed to the latest decisions and arrangements of the CPC Central Committee and the State Council and play its role in ensuring stability on six fronts and security in six areas. With more financial support provided to the comprehensive economic and social recovery, the Bank will make further contribution to accomplishing the tasks and goals set for economic and social development this year.