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Export-Import Bank of China to issue up to 12B yuan of bonds

Export-Import Bank of China plans to issue up to 12 billion yuan of bonds in three tranches.

The Chinese policy bank will issue up to 3 billion yuan of one-year bonds with a 4.20% coupon, as well as up to 4.5 billion yuan each of three-year bonds with a 4.83% coupon and five-year bonds with a 4.97% coupon.

The bonds were offered March 1.

As of March 1, US$1 was equivalent to 6.36 Chinese yuan.