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Export-Import Bank of China to raise up to 8B yuan in bonds

Export-Import Bank of China plans to raise up to 8 billion yuan through the issuance of two types of fixed-rate bonds.

The policy bank said it will offer up to 4 billion yuan each of one-year notes with a 3.00% coupon and three-year notes with a 3.74% coupon, according to an Oct. 16 statement.

As of Oct. 16, US$1 was equivalent to 6.91 Chinese yuan.