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In the afternoon of August 9, 2007, China Eximbank held a press conference on bond issuance in Hong Kong, during which Mr. Li Ruogu, Chairman& President of the bank, declared the issuance of RMB bonds in Hong Kong, the first issuance in the bank’s history. The conference was also attended by Zhang Kunshen, Deputy Director of Liaison Office of the Central Government in Hong Kong, Ma Si-hang, Acting Financial Secretary of the Hong Kong SAR Government, K.C.Chan , Secretary for Financial Services and the Treasury, Joseph Yam, Chief Executive of Hong Kong Monetary Authority, Xia Jiali, Chairman of the Stock Exchange of Hong Kong Limited, Zhang Zhuohua, Executive Director of Hong Kong Securities and Futures Commission, Mu Huaipeng, Director of the Financial Markets Department of the People’s Bank of China, and representatives from National Development and Reform Commission, the State Administration of Foreign Exchange and other financial regulatory bodies. Bonds issued by China Eximbank, valued RMB 2bn yuan, are open to both individual and institutional investors. Bonds for individual investors have a two-year maturity and a coupon rate of 3.05%;Bonds for institutional investors have a three-year maturity and will be priced on August 21. The subscription period is from August 10 to 20. Bank of China (Hong Kong) Limited and Hong Kong and Shanghai Banking Corporation Limited (HSBC) are co-underwritter and bookkeeper of this issuance. Citic Securities Co., Ltd is the co-underwritter for institutional subscription. |
