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China's Eximbank to raise up to 9B yuan of bonds

Export-Import Bank of China plans to raise up to 9 billion yuan via bonds.

The policy lender will issue up to 5 billion yuan of five-year notes with an annual coupon of 3.28%, and up to 4 billion yuan of 10-year notes with a coupon of 3.86%.

The bonds are set to be released Sept. 26, according to a Sept. 24 statement.

As of Sept. 24, US$1 was equivalent to 7.12 Chinese yuan.