Li Ruogu, chairman and president of the Export-Import Bank of China (China Eximbank), delivers a speech during the launching ceremony for RMB-denominated fixed rate bonds in Hong Kong, south China, Nov. 8, 2010. China Eximbank, one of the country's policy lenders, said on Monday it would launch a total of 5 billion yuan (750 million U.S. dollars) of RMB-denominated fixed rate bonds in Hong Kong. (Xinhua/Song Zhenping)

 The Export-Import Bank of China ( China Eximbank), one of the country's policy lenders, said on Monday it would launch a total of 5 billion yuan (0.75 billion U.S. dollars) of RMB-denominated fixed rate bonds in Hong Kong.

It is the third time for China Eximbank, the only government export credit agency on Chinese mainland, to issue public offering of RMB-denominated fixed rate bonds in Hong Kong.

The 3-year-term bonds, having a denomination of 10,000 yuan, would be offered to both institutional and retail investors, with an annual interest rate of 2.65 percent, the bank said.

The offering would last from Nov. 9 to Nov. 26.

As a policy-oriented statutory financial institution, China Eximbank has issued a total of 5 billion RMB-denominated bonds in Hong Kong since 2007, when China's central bank permitted mainland- based financial institutions to issue RMB bonds in Hong Kong. (1 US dollar is equivalent to 6.67 yuan)