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CITIC Securities issues 5B yuan of short-term financing notes

CITICSecurities Co. Ltd. issued 5 billion yuan of short-term financingnotes, Reuters reported May 10, citing a Chinese-language release from thecompany.

The issuance marks the company's third tranche of short-termfinancing notes. The notes were priced with a coupon of 2.85% per year and havea term of 91 days.

As of May 9, US$1 wasequivalent to 6.51 Chinese yuan.