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Yinyi Real Estate to issue up to 2B yuan of notes

Yinyi Real Estate Co. Ltd. plans to issue a maximum of 2.00 billion yuan of medium-term notes.

The Chinese property developer said in a release that it plans to use the proceeds from the issuance as capital for its operations and to repay its existing borrowings, among other purposes.

As of Feb. 27, US$1 was equivalent to 6.32 yuan.