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Export-Import Bank of China to issue up to 10B yuan of bonds

Export-Import Bank of China plans to issue up to 10 billion yuan worth of bonds in two tranches.

The Chinese policy lender will offer up to 5 billion yuan each of three-year bonds with a 4.83% coupon and five-year notes with a 4.97% coupon.

The bonds will be offered March 8, according to a statement released March 7.

As of March 7, US$1 was equivalent to 6.32 Chinese yuan.