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Shanghai Pudong Development Bank to issue up to 50B yuan of debentures

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Shanghai Pudong Development Bank to issue up to 50B yuan of debentures

Shanghai Pudong Development Bank Co. Ltd. obtained approval from the central bank and the banking regulator to issue up to 50 billion yuan of of debentures, Reuters reported Dec. 16, citing a Chinese-language document.

As of Dec. 16, US$1 was equivalent to 6.95 Chinese yuan.