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China's Eximbank raises 13.23B yuan via bond issue

Export-Import Bank of China issued 13.23 billion yuan worth of bonds in four tranches.

The policy bank issued 3 billion yuan each of one-year bonds with a 2.40% coupon and three-year bonds with a 3.74% coupon. It also issued 3.4 billion yuan of five-year notes with a 4.37% coupon and 3.83 billion yuan of 10-year notes with a 4.89% coupon.

The payment date is Jan. 14.

As of Jan. 14, US$1 was equivalent to 6.77 Chinese yuan.