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Hubei Bank raises 2.5B yuan in bond issue

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Hubei Bank raises 2.5B yuan in bond issue

Hubei Bank Corp. Ltd. raised 2.5 billion yuan in through the issuance of fixed-rated bonds.

The company said July 27 that the 10-year notes carry a coupon of 5.00%.

As of July 27, US$1 was equivalent to 6.74 Chinese yuan.