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Guotai Junan Securities issues 2.9B yuan of bonds

Guotai Junan Securities Co. Ltd. raised 2.9 billion yuan by issuing bonds to qualified investors.

The three-year notes carry an annual coupon of 3.73%, the company said in a May 20 release.

The bonds were issued May 17.

As of May 20, US$1 was equivalent to 6.91 Chinese yuan.