Chexim scores a success

The Export Import Bank of China (Chexim) exorcised the ghosts of 2004 yesterday (July 14) with a highly successful $1 billion 10-year fixed rate deal via BNP Paribas, Citigroup, HSBC and Merrill Lynch. Benefitting from a strong market tone, the group was able to attract an order book of $5.8 billion after a four-day bookbuild.