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China Overseas Property finishes 3B-yuan debt issuance

China Overseas Land & Investment Ltd.'s subsidiary China Overseas Property Ltd. said it completed the issuance of its 3.00 billion yuan worth of three-year medium term notes Feb. 5.

The annual interest rate is 5.60%.

Agricultural Bank of China and China Construction Bank Corp. are joint lead underwriters for the issuance, while the latter is also serving as book runner.

As of Feb. 6, US$1 was equivalent to 6.28 yuan.