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China's Chexim launches RMB 3 billion notes due in two, five, 10 years
By Christine Van Dusen
Atlanta, May 7 - Export-Import Bank of China (Chexim) launched a combined RMB 3 billion of notes in three tranches due in two, five and 10 years, a market source said.
The RMB 1.5 billion notes due in two years launched at 3%.
The RMB 500 million notes due in five years launched at 3.65%.
The RMB 1 billion notes due in 10 years launched at 4.4%.
Bank of China, Bank of Communications, Barclays, Credit Agricole, Deutsche Bank, HSBC and Mitsubishi UFJ Securities are the bookrunners for the Regulation S deal.
The proceeds will be used to fund renminbi-denominated export credits and for general corporate purposes.
Chexim is a lender based in Beijing.
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