The subsidiary of China’s sovereign wealth fund that controls the country’s largest state-owned banks is planning to sell bonds in the interbank market for the first time, in what could be China’s biggest bond issue to date, reports the FT. The sale by Central Huijin Investment, which holds the state’s controlling stakes in lenders such as Bank of China and CCB, could be as big as Rmb80bn ($11.7bn). Proceeds will go largely towards capital injections into Export-Import Bank of China and China Export and Credit Insurance Corp, or Sinosure, reports Bloomberg.

This entry was posted by Gwen Robinson on Thursday, November 12th, 2009 at 4:45 and is filed under Capital markets. Tagged with bank of china, Ccb, Export-Import Bank of China, Huijin, Sinosure. Edit this entry.