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Longfor Group issues 1st tranche of 2020 corporate bonds

Longfor Group Holdings Ltd. issued the first tranche of its 2020 domestic corporate bonds in China, with a principal amount of 2.8 billion yuan, on Jan. 16 and Jan. 17.

The offering comprised 2.3 billion yuan of seven-year bonds with a 4.2% coupon rate and 500 million yuan of five-year bonds with a 3.55% coupon rate.

As of Jan. 20, US$1 was equivalent to 6.87 yuan.