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Export-Import Bank of China to issue up to 24B yuan of bonds

Export-Import Bank of China plans to issue up to 24 billion yuan of bonds in four tranches.

The bank will issue up to 5 billion yuan each of one- and three-year notes with coupons of 2.56% and 3.23%, respectively, and up to 7 billion yuan each of five- and 10-year notes with coupons of 3.28% and 3.86%, respectively.

The bonds are set to be issued Dec. 12.

As of Dec. 10, US$1 was equivalent to 7.03 Chinese yuan.