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China Everbright Group to issue 2B yuan of short-term bonds

China Everbright Group Ltd. plans to issue 2 billion yuan of short-term bonds to boost working capital and repay debt.

The 85-day notes are set to be issued Jan. 8. The coupon rate of the bonds has yet to be determined.

As of Dec. 31, US$1 was equivalent to 6.96 Chinese yuan.