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Power Construction Corp. of China grosses 4.00 billion yuan from debt offering

Power Construction Corp. of China Ltd. raised gross proceeds of 4.00 billion yuan from an offering of unsecured notes.

The company plans to use the proceeds for redemption or repayment of debt securities.

Bank of China Ltd. and Industrial and Commercial Bank of China Ltd. were the lead underwriters.

As of Sept. 21, US$1 was equivalent to 6.37 yuan.