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Soochow Securities issues 2B yuan of bonds

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Soochow Securities issues 2B yuan of bonds

Soochow Securities Co. Ltd. raised 2 billion yuan by issuing bonds to qualified investors on a private placement basis.

The three-year notes carry an annual coupon of 4.25%, according to a March 19 release.

As of March 19, US$1 was equivalent to 6.71 Chinese yuan.