plans to issue 2 billion Chinese yuan of five-year corporate bonds at a 3.45%interest rate.
Theissuance is the fifth trancheof the company's medium-term notes offering in 2016, which will total up to 20billion yuan.
ChinaMerchants Securities is the lead underwriter, book runner and bond trustee ofthe offering. China Galaxy Securities Co. Ltd. is the joint lead underwriter andbook runner.
As of July 8, US$1 wasequivalent to 6.69 Chinese yuan.