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China's Eximbank to raise up to 11B yuan via bonds

Export-Import Bank of China plans to raise up to 11 billion yuan via an issuance bonds in three tranches.

The policy lender will issue up to 4 billion yuan of three-year notes, with the coupon rate to be determined.

China's Eximbank will also issue up to 4 billion yuan of five-year bonds and up to 3 billion yuan of 10-year notes. Both tranches carry a 4.11% coupon.

As of Aug. 1, US$1 was equivalent to 6.72 Chinese yuan.