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China's Eximbank to raise up to 11B yuan via bonds

Export-Import Bank of China plans to issue up to 11 billion yuan of bonds.

The policy lender is offering up to 4 billion yuan of one-year bonds with a 4.20% coupon, and up to 3.5 billion yuan of three-year bonds with a 4.83% coupon and five-year notes with a 4.97% coupon.

The notes will be offered Feb. 8 on the interbank market.

As of Feb. 7, US$1 was equivalent to 6.27 Chinese yuan.