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NingBo Commerce Bank raises 900M yuan in note issue

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NingBo Commerce Bank raises 900M yuan in note issue

NingBo Commerce Bank Co. Ltd. raised 900 million yuan via the issuance of fixed-rated bonds.

The lender said Aug. 21 that the 10-year notes carry a coupon of 5.30%.

As of Aug. 21, US$1 was equivalent to 6.67 Chinese yuan.