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.