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Haitong Securities to raise up to 5B yuan in bonds

Haitong Securities Co. Ltd. plans to issue bonds to qualified investors to raise up to 5 billion yuan.

The three-year notes will carry a coupon of 4.70%, the company said May 9.

Citic Securities Co. Ltd. is the lead underwriter for the bonds, which will be offered between May 9 and May 10.

As of May 9, US$1 was equivalent to 6.36 Chinese yuan.