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China's Eximbank to raise up to 9B yuan in bond offering

Export-Import Bank of China plans to raise up to 9 billion yuan through increasing the offering size of three bond tranches.

The Chinese policy lender will issue up to 3 billion yuan each of three-year bonds with a coupon of 4.37%, five-year bonds with a 4.05% coupon and 10-year bonds with a 4.11% coupon, according to a June 6 statement.

The bonds will be issued June 8.

As of June 6, US$1 was equivalent to 6.80 Chinese yuan.