ICBC will exclusively distribute from December 4 to December 8 (working days only) the first EXIM Bank OTC Bonds of this year towards individuals and non-financial institutions. The bonds, with a fixed nominal interest rate of 2.70% and a fixed term of one year, are available through ICBC’s e-banking channels including online banking and mobile banking or at business outlets. Its e-banking channels will be open for 24 hours a day during the distribution period (working days only).

Customers may subscribe the bonds by logging in online banking or mobile banking, using phone banking or visiting outlets of ICBC to designate a fund account for bond trading and open a bond custody account. For example, a personal online banking customer may log into the online banking, enter the column of “Online Bonds”, click “Subscribe” button on the right side of the “EXIM Bank Bonds” coded 150318 in the section of “Market Quotation and Transaction”, follow the instructions, and finish the subscription. Upon the conclusion of the distribution period, the bonds will be listed for circulation. Customers may also buy or sell the bonds at anytime during the trading hours via the e-banking channels or at outlets of ICBC.

This bond is of high credit rating and good security, with transaction starting point and minimum increment as low as RMB 100 in face value to present a low transaction threshold. It further diversified the product line of bank OTC bonds and met public demands for safe, transparent and moderate-yield bond products. For issuers, the distribution and trade of bonds through a commercial bank can expand financing channels, lower financing risk, and better support foreign trade enterprises and overseas investment .

The Export-Import Bank of China (EIBC) has played an essential role in supporting foreign trade since established 21 years ago by helping enterprises “going global”, driving economic open-up and facilitating international economic cooperation. This tranche of OTC bonds represents the only one of the kind issued by the EIBC this year.