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Bank of Ningbo raises 8B yuan via bonds

Bank of Ningbo Co. Ltd. raised 8 billion yuan via an issuance of corporate bonds.

The three-year fixed-rate notes were priced with coupon of 4.70%, the lender said in a May 24 release.

The bonds were issued May 23.

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