Chexim's four trancher extends curve out to 30 year

Export-Import Bank of China (Chexim) extended its curve with a 30 year dollar bond on Tuesday, part of a multi-tranche deal in which it raised a hefty $3.275bn in two currencies.

  • By Addison Gong
  • 22 Nov 2017

Chexim’s new five and 10 year dollar notes were announced with initial price guidance at the areas of 100bp over US Treasuries and 120bp over, respectively. Initial guidance for a 5.5 year euro bond was set at the 75bp-80bp over mid-swaps area.

During investor calls on Monday, ...

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