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Chongqing Rural Commercial Bank issues 2B yuan of agri bonds

Chongqing Rural Commercial Bank Co. Ltd. issued 2 billion yuan of bonds, with the proceeds to be used for loans to rural communities.

The three-year notes carry an annual coupon of 3.2% and were issued Jan. 13, according to a same-day release.

As of Jan. 13, US$1 was equivalent to 6.89 Chinese yuan.