Export-Import Bank of China plans to raise up to 13 billion yuan via the issuance of bonds in three tranches.
The policy lender will offer up to 5 billion yuan each of three-year bonds priced with a 4.83% coupon and five-year notes with a 4.97% coupon. The bank will also offer up to 3 billion yuan of 10-year bonds, with the coupon to be determined at auction.
The bonds will be offered March 22.
As of March 21, US$1 was equivalent to 6.33 Chinese yuan.