China’s Chexim sets talk for benchmark notes due in five, 10 years

By Christine Van Dusen

Atlanta, July 24 – Export-Import Bank of China (Chexim) set talk for a two-tranche offering of dollar-denominated and benchmark-sized notes due in five and 10 years (Aa3/AA-/), a market source said.

The five-year notes were talked at a spread in the Treasuries plus 95 basis points area.

The 10-year notes were talked at a spread in the Treasuries plus 125 bps area.

ANZ, Bank of Communications, Barclays, Credit Agricole CIB, HSBC, ICBC International, JPMorgan and RBS are the bookrunners for the Rule 144A and Regulation S deal.

Chexim is a lender based in Beijing.

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