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Export-Import Bank of China to issue up to 10B yuan of bonds

Export-Import Bank of China will issue up to 10 billion yuan of bonds in three tranches.

The Chinese policy lender will offer up to 4 billion yuan of one-year bonds with a 3.79% coupon, up to 3 billion yuan of three-year bonds with a 4.03% coupon and up to 3 billion yuan of five-year bonds with a 4.11% coupon.

As of Dec. 14, US$1 was equivalent to 6.61 Chinese yuan.