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China's State Development & Investment to raise up to 2B yuan via bonds

China's State Development & Investment Corp. plans to issue up to 2 billion yuan of bonds to qualified investors between May 15 and May 16.

The five-year notes will carry a coupon of 4.74%, the government-run investment holding company said in a May 14 release.

As of May 14, US$1 was equivalent to 6.34 Chinese yuan.