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Korea Development Bank to issue 300M yuan of notes

Korea Development Bank plans to raise 300 million Chinese yuan through an issuance of fixed-rate notes under its US$15 billion global medium-term note program.

The notes bear annual interest of 4.41% and will be issued June 11. The notes will mature June 11, 2020, according to a document dated June 5.

As of June 5, US$1 was equivalent to 6.41 Chinese yuan.