priced its 2 billion Chinese yuan, five-year corporatebonds at a couponrate of 3.36%.
The originalindicative range was between 2.80% and 3.70%.
Theissuance is the sixth tranche of the company's medium-term notes offering in2016, which will total up to 20 billion yuan.
ChinaMerchants Securities is the lead underwriter, book runner and bond trustee ofthe offering. China Galaxy Securities Co. Ltd. is the joint lead underwriterand book runner.
As of July 25, US$1 wasequivalent to 6.68 Chinese yuan.