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China Eximbank to raise 15B yuan of debt

Export-Import Bank of China, or China Eximbank, plans to raise up to 15 billion yuan by increasing the size of four existing tranches of bonds.

The policy bank said Dec. 6 that it will raise 4 billion yuan from its three-year, 3.15% bond in the 15th tranche, another 4 billion yuan from its five-year, 3.3% bond in the 16th tranche, 5 billion yuan from its 10-year, 3.18% bond in the 10th tranche and 2 billion yuan from its 20-year, 3.88% bond in the 19th tranche.

As of Dec. 6, US$1 was equivalent to 6.88 Chinese yuan.