China EximBank was established by the Chinese government as the provider of Chinese government concessional loans and preferential export buyer's credit. Its wider mandate is to promote economic development and improve living standards in developing countries. By facilitating the export and import of Chinese mechanical and electronic products and assisting Chinese companies with their offshore contracting projects and outbound investment, China EximBank is supporting state policies to boost economic cooperation between China and the developing world.
On 19 April, Barclays acted as a Joint Bookrunner and Joint Lead Manager for China EximBank’s USD3 billion dual-currency, triple-tranche bond offering. In addition to being the largest international bond issuance out of China in 2016*, it was also China EximBank’s debut Euro offering and carries the lowest coupon amongst all Euro public bonds from Chinese issuers.