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GF Securities redeems 5B yuan of bonds

GF Securities Co. Ltd. said June 14 that it redeemed 5 billion yuan of subordinated bonds that it issued in 2016.

The three-year notes carried a 3.50% coupon, with an option for the issuer to redeem them after the first two years.

The bonds were redeemed June 13 and delisted the same day from the Shenzhen stock exchange.

As of June 14, US$1 was equivalent to 6.40 Chinese yuan.