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Qingdao Conson Development Group issues 2B yuan of renewable bonds

Qingdao Conson Development (Group) Co. Ltd. issued 2 billion yuan of renewable corporate bonds to qualified investors.

The notes carry a 5.64% coupon for an initial three years, with an option for the company to renew them for another three years, according to a May 21 report.

The bonds will be issued April 25.

As of May 21, US$1 was equivalent to 6.38 Chinese yuan.