New Issue: Export-Import Bank of China sells €1 billion ¼% notes due 2020 at mid-swaps plus 30 bps

By Christine Van Dusen

Atlanta, March 7 – Export-Import Bank of China (Chexim) priced a €1 billion issue of ¼% three-year notes (Aa3/AA-) at 99.97 to yield mid-swaps plus 30 basis points on Tuesday, a market source said.

Bank of China, Barclays, Bank of Communications, HSBC, JPMorgan and MUFG were the joint global coordinators for the Regulation S deal. ANZ, ING and Westpac were the joint lead managers and joint bookrunners.

The proceeds will be used for general corporate purposes.

Chexim is a lender based in Beijing.

Issuer:	Export-Import Bank of China (Chexim)
Amount:	€1 billion
Maturity:	March 14, 2020
Description:	Senior unsecured fixed-rate bonds
Bookrunners:	Bank of China, Barclays, Bank of Communications, HSBC, JPMorgan, MUFG (joint global coordinators); ANZ, ING, Westpac (joint lead managers, joint bookrunners)
Coupon:	¼%
Price:	99.97
Spread:	Mid-swaps plus 30 bps
Trade date:	March 7
Settlement date:	March 14
Ratings:	Moody’s: Aa3
	S&P: AA-
Distribution:	Regulation S

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