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China's Eximbank to raise 5B yuan via bonds

Export-Import Bank of China plans to issue 5 billion yuan of bonds in two tranches.

These comprise 3 billion yuan of one-year notes with an annual coupon of 2.35% and 2 billion yuan of three-year notes with a 2.92% coupon.

The notes are set to be issued Sept. 2, according to an Aug. 29 release.

As of Aug. 29, US$ was equivalent to 7.14 Chinese yuan.