Chexim launches debut dollar denominated loan

Export-Import Bank of China (Chexim) is making its loan market debut with a $200 million five-year term loan. Citigroup has been mandated to arrange the financing and launched the deal into syndication on September 14. The loan is the first of its kind in the People's Republic of China, although last year China Development Bank became the first Chinese financial institution to tap the onshore dollar bond market with a $500 million issue.