YuexiuProperty Co. Ltd.'s unit completed the public of 2.00 billion Chinese yuan inguaranteed corporate bonds in China.

The issue is the third tranche of an 8 billion-yuan bondprogram and wasissued by Guangzhou City Construction & Development Co. Ltd. YuexiuProperty owns a 95% stake in the unit.

Of the aggregate principal amount of the issued bonds, 1.5billion yuan was issued for the type 5 bonds at a coupon rate of 2.95% and 500million yuan was issued for the type 6 bonds at a coupon rate of 3.15%.

Yuexiu Property said that proceeds from the third-trancheissuance will be used to repay loans and replenish liquid capital, according toan earlier report.

As of Sept. 28, US$1was equivalent to 6.68 Chinese yuan.