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Export-Import Bank of China to issue up to 14B yuan of bonds

Export-Import Bank of China plans to issue up to 14 billion yuan of fixed-rate bonds in four tranches.

The policy bank said in a Dec. 11 release that it will offer up to 3 billion yuan each of one- and three-year notes with coupon rates of 3.00% and 3.74%, respectively. It will also issue up to 4 billion yuan each of five- and 10-year notes with coupon rates of 4.37% and 4.89%, respectively.

The bonds are set to be issued Dec. 13.

As of Dec. 10, US$1 was equivalent to 6.91 Chinese yuan.