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GF Securities issues 5B yuan of bonds

GF SecuritiesCo. Ltd. issued 5 billion yuan of subordinated bonds, Reutersreported July 22, citing a Chinese-language release.

The four-year bonds were priced with a coupon of 3.35%. Theywere issued July 19.

As of July 21, US$1was equivalent to 6.68 Chinese yuan.