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China's Eximbank to raise up to 11B yuan via bond issue

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

The Chinese policy lender will issue up to 4 billion yuan of three-year bonds with a 4.03% coupon, up to 4 billion yuan of five-year bonds with a coupon of 4.11% and up to 3 billion yuan of 10-year bonds with a 4.11% coupon.

Eximbank of China will issue the bonds Aug. 10 in China's interbank bond market.

As of Aug. 8, US$1 was equivalent to 6.70 Chinese yuan.