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Article: China: Huijin Said to Plan Up to 80 Billion Yuan Bond Sale.
- Article from:
- TendersInfo
- Article date:
- November 12, 2009
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Byline: babalu03
Central Huijin Investment Co., the state company that controls China s largest banks, plans to sell as much as 80 billion yuan ($11.7 billion) of bonds, three people with knowledge of the matter said.
The sale may be the biggest ever by a Chinese institution. Huijin will use proceeds to inject capital into Export-Import Bank of China and China Export and Credit Insurance Corp., said the people, declining to be identified. The securities will be sold on China s interbank bond market, they said.
Selling bonds would be a first for Huijin, which was set up in 2003 and used the nation s foreign exchange reserves to prop up Industrial ...