Export-Import Bank of China plans to issue up to 18 billion yuan of fixed-rate bonds in four tranches.
The policy bank said in a Dec. 18 release that it would offer up to 3 billion yuan each of five- and 10-year notes with coupon rates of 4.37% and 4.89%, respectively. It will also issue up to 5 billion yuan of one-year notes with a coupon rate of 3.00%, and up to 7 billion yuan of three-year notes with a 3.74% coupon.
The bonds are set to be issued Dec. 20.
As of Dec. 18, US$1 was equivalent to 6.89 Chinese yuan.