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China Eastern and Bank of China sign USD3bn credit line agreement

19-May-2010 10:46 AM

China Eastern Airlines and Bank of China (BOC) will sign a comprehensive strategic agreement for CNY20 billion (USD2.9 billion) line of credit (Yicai.com, 18-May-2010). Under the agreement, BOC will also provide the carrier with financial services related to account settlement, credit financing, short-term financing bonds and medium-term notes.