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China Vanke to issue 500M yuan short-term commercial paper

China Vanke Co. Ltd. plans to issue 500 million yuan of short-term commercial paper, according to the company's Oct. 15 filing with Shanghai Clearing House.

The 270-day paper, to be traded in the interbank market, will be open for subscription from investors Oct. 16.

China Merchants Bank is the book runner of the issuance.

As of Oct. 15, US$1 was equivalent to 7.08 Chinese yuan.