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Export-Import Bank of China to issue 13.25B yuan of bonds

Export-Import Bank of China plans to issue 13.25 billion yuan of bonds in three tranches.

The lender will issue 3 billion yuan of three-year notes priced with a coupon of 3.37% per year, 5 billion yuan of five-year notes priced with a coupon of 3.28% per year, and 5.25 billion yuan of 10-year notes priced with a coupon of 3.86% per year.

The notes are set to be issued Aug. 26.

As of Aug. 23, US$1 was equivalent to 7.09 Chinese yuan.