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China Merchants Securities issues 5.9B yuan of bonds

China Merchants Securities Co. Ltd. issued 5.9 billion yuan of bonds on a private placement basis.

The 380-day fixed-rate notes were priced with a coupon of 4.84%, according to a May 29 release.

The bonds, which were issued May 21, will be listed on the Shanghai Stock Exchange.

As of May 28, US$1 was equivalent 6.40 Chinese yuan.