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Ping An Securities raises 1.5B yuan via bonds

Ping An Securities Co. Ltd. raised 1.5 billion yuan by issuing fixed-rate bonds between May 31 and June 1.

The 333-day notes carry a coupon of 4.90%, the company said in a June 12 release.

It plans to list the bonds June 13 on the Shanghai stock exchange.

As of June 12, US$1 was equivalent to 6.40 Chinese yuan.