Export-Import Bank of China offers two tranches of euro, dollar notes

By Colin Hanner

Chicago, June 1 – Export-Import Bank of China (Chexim) is offering two tranches of euro- and dollar-denominated notes, a market source said, and is expected to price the notes on Thursday.

The euro-denominated Regulation S deal (A1/AA-) is expected to be €500 million of five-year senior notes with price guidance in the mid-swaps plus 75 basis points area.

The dollar-denominated Regulation S deal (A1/AA-) is expected to be $300 million of three-year senior floating rate notes with price guidance in the Libor plus 75 bps area.

Proceeds of the notes will go toward general corporate purposes.

Bank of China, Bocom HK Branch, Barclays, Credit Agricole CIB, MUFG, ANZ and KGI Asia are joint lead managers and joint bookrunners for the deal.

Chexim is a lender based in Beijing.

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