New Issue: China's Chexim prices RMB 2 billion notes due 2017, 2027 at par

By Christine Van Dusen

Atlanta, June 13 - Export-Import Bank of China (Chexim) priced a RMB 2 billion issue of notes due in 2017 and 2027 (Aa3/AA-/A+), a market source said.

The deal included RMB 1 billion 3.35% notes due June 18, 2017 that priced at par to yield 3.35%. The notes were talked at 3.35% to 3.4%.

The second tranche - RMB 1 billion due June 18, 2027 - carried a 4.15% coupon and also priced at par.

Bank of China, Bank of Communications, BNP Paribas, HSBC, ICBC and RBS were the bookrunners for the Regulation S deal.

Chexim is a lender based in Beijing.

Issuer:	Export-Import Bank of China (Chexim)
Amount:	RMB 2 billion
Description:	Notes
Bookrunners:	Bank of China, Bank of Communications, BNP Paribas, HSBC, ICBC, RBS
Trade date:	June 12
Settlement date:	June 18
Ratings:	Moody's: Aa3
	Standard & Poor's: AA-
	Fitch: A+
Distribution:	Regulation S
Notes due 2017
Amount:	RMB 1 billion
Maturity:	June 18, 2017
Coupon:	3.35%
Price:	Par
Yield:	3.35%
Price talk:	3.35% to 3.4%
Notes due 2027
Amount:	RMB 1 billion
Maturity:	June 18, 2027
Coupon:	4.15%
Price:	Par
Yield:	4.15%

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