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Export-Import Bank of China issues 16.15B yuan of bonds

Export-Import Bank of China raised 16.15 billion yuan through the issuance of bonds in three tranches.

The policy bank issued 5.7 billion yuan of three-year bonds with a 3.74% coupon, 6 billion yuan of five-year bonds with a 4.37% coupon and 4.45 billion yuan of 10-year bonds with a 4.89% coupon.

The payment date is Jan. 2, 2019.

As of Dec. 28, US$1 was equivalent to 6.88 Chinese yuan.