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

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

The policy bank said June 8 that it will issue up to 4 billion yuan of one-year bonds and 3 billion yuan of five-year bonds with interest rates yet to be determined, and up to 3 billion yuan of three-year notes with a 4.46% coupon.

The bonds will be issued June 14.

As of June 8, US$1 was equivalent to 6.41 Chinese yuan.