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Jiangsu Financial Leasing issues 4B yuan of bonds

Jiangsu Financial Leasing Co. Ltd. issued 4 billion yuan of financial bonds May 24.

The securities bear a fixed three-year interest rate, with a nominal interest rate of 5.15%.

The proceeds generated from the issue will be used to support the development of corporate finance leasing business.

As of May 24, US$1 was equivalent to 6.38 yuan.