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Guotai Junan Securities issues 3.5B yuan of bonds

Guotai Junan Securities Co. Ltd. issued 3.5 billion Chinese yuan of 90-day bonds.

The short term notes carry a coupon of 4.23% and a payment date of May 15, according to a May 18 filing.

As of May 17, US$1 was equivalent to 6.37 Chinese yuan.