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Export-Import Bank of China raises 11B yuan via bonds

Export-Import Bank of China raised 11 billion yuan via the issuance of bonds in three types.

The policy bank said May 25 that it issued 3 billion yuan of three-month bonds, as well as 4 billion yuan each of three- and five-year bonds. The three-year bonds carry a coupon of 4.46%, while the five-year notes have a 4.97% coupon.

The payment date is May 28.

As of May 25, US$1 was equivalent to 6.39 Chinese yuan.