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Export-Import Bank of China raises 4B yuan from financial bonds

Export-Import Bank of China raised 4 billion yuan from issuing financial bonds in the country's interbank market.

The two-year bonds have a coupon rate 2.90%, according to a Dec. 18 release.

The funds raised will be used as capital to back its lending to small companies.

The bonds were 4.56 times subscribed.

As of Dec. 18, US$1 was equivalent to 7.00 Chinese yuan.