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Guotai Junan Securities raises 3B yuan in bond issue

Guotai Junan Securities Co. Ltd. raised 3 billion Chinese yuan via an issuance of short-term bonds.

The notes mature March 9, 2018, and carry a coupon of 4.99%, the company said Dec. 9.

As of Dec. 8, US$1 was equivalent to 6.62 Chinese yuan.