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

Export-Import Bank of China plans to raise up to 10 billion yuan via an issuance bonds in three tranches.

The policy lender said in an Oct. 11 release that it will issue up to 3 billion yuan of one-year notes with a coupon rate of 3.00%, up to 3 billion yuan of five-year notes with a coupon of 4.37% and up to 4 billion yuan of three-year notes with a coupon of 3.74%.

The bonds are set to be issued the same day.

As of Oct. 10, US$1 was equivalent to 6.92 Chinese yuan.