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China International Capital to issue up to 5B yuan of bonds

China International Capital Corp. Ltd. plans to issue 2 billion yuan worth of three-year bonds under the first tranche of its 8 billion yuan bond program.

The issue has an overallotment option of up to 3 billion yuan. The bonds bear a coupon of 4.50%.

As of Dec. 23, US$1 was equivalent to 6.95 Chinese yuan.