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Haitong Securities to issue up to 3B yuan of bonds

Haitong Securities Co. Ltd. plans to issue up to 3 billion yuan of three-year corporate bonds.

The notes carry a 5.14% coupon and will be issued to qualified investors, the company said March 21.

The issuance has received regulatory approval.

As of March 21, US$1 was equivalent to 6.33 Chinese yuan.