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China's Eximbank to issue up to 10B yuan of bonds

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

The policy bank will issue up to 4 billion yuan of one-year bonds with a 3.79% coupon, up to 3 billion yuan of three-year bonds with a 4.03% coupon, and up to 3 billion yuan of five-year bonds with a 4.11% coupon.

The bonds will be offered Dec. 21.

As of Dec. 19, US$1 was equivalent to 6.60 Chinese yuan.