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China's EXIM Bank plans more dollar, euro-denominated bonds this year

Reuters  |  BEIJING/HONG KONG 

By Shu Zhang and Umesh DesaiBEIJING/HONG KONG (Reuters) - The Export-Import Bank of China (EXIM) plans to issue up to another $4 billion in euro- and dollar-denominated bonds this year, on top of $4 billion issued so far, as Beijing's Belt and Road initiative drives demand for foreign currency funds.In a rare interview, Wang Kai, general manager of the policy lender's treasury department, said EXIM expects to issue $2-$4 billion in dollar- and euro-denominated bonds in the second half of the year. It issued $5.1 billion of euro and dollar bonds last year."Our need for foreign currency funds ...

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First Published: Wed, June 14 2017. 15:48 IST
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