Photo/Shetuwang

Feb. 6 (NBD) – The Export-Import Bank of China (Eximbank) Thursday issued its first tranche of anti-epidemic-themed bonds through Bank of Jiujiang to help fight the coronavirus outbreak. 

The bank expects to raise no more than 3 billion yuan from the issuance. The fixed-interest-rate bonds have a term of one year, with the due date being February 10, 2021. 

Proceeds from the bonds sale will be used to finance loans related to epidemic prevention, including funding key enterprises' procurement of raw materials for epidemic control products as well as construction of manufacturing and medical facilities. 

Also on Thursday, China Development Bank issued one-year bonds of the same kind to raise no more than 8 billion yuan. The bank has the option to issue an additional 5.5 billion yuan of the bonds after the conclusion of the first tender. 

A day before, China Agricultural Bank launched one-year bonds of 5 billion yuan to contain the coronavirus outbreak.

In addition to the financial institutions, three companies - Zhuhai Huafa Group, Sichuan Kelun Pharmaceutical Co Ltd, and China Nanshan Development (Group) Incorporation have completed the registration for the issuance of ultra-short-term financing bonds for epidemic prevention, Shanghai Clearing House announced Wednesday evening. They plan to raise 2.1 billion yuan accumulatively to fund the building of Huoshenshan Hospital, Leishenshan Hospital, and research and development of antiviral drugs. 

Email: gaohan@nbd.com.cn