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Dongxing Securities issues 4B yuan of bonds

Dongxing Securities Co. Ltd. raised 4 billion yuan by issuing corporate bonds on a nonpublic basis.

The one-year notes carry an annual coupon of 3.54%, according to a March 22 release.

The bonds were issued March 20.

As of March 22, US$1 was equivalent to 6.72 Chinese yuan.