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Yancoal issues 3B yuan in short term bonds

Yanzhou Coal Mining Co. Ltd. issued 3 billion Chinese yuan in short term bonds on May 22, according to a May 27 statement.

The company said the interest rate of the notes was fixed at 3.27% and the maturity was set at 180 days.

Bank of China Ltd. and Haitong Securities served as the lead underwriters for the issuance.

As of May 27, US$1 was equivalent to 6.90 Chinese yuan.