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

Export-Import Bank of China plans to raise up to 10 billion Chinese yuan via bonds in three tranches, it said in an Oct. 12 release.

The policy lender will issue up to 3 billion yuan of three-year bonds with a 4.03% coupon, up to 4 billion yuan of five-year bonds with a 4.11% coupon and up to 3 billion yuan of 10-year bonds with a coupon of 4.11%.

Eximbank will offer the bonds Oct. 12 on the Chinese interbank bond market.

As of Oct. 11, US$1 was equivalent to 6.59 Chinese yuan.