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Xiamen Tungsten launches 600M yuan bond offering

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Xiamen Tungsten launches 600M yuan bond offering

Xiamen Tungsten Co. Ltd. on Jan. 7 issued a debt offering of 600 million Chinese yuan, according to a Jan. 10 statement.

The maturity of the short-term bonds was set at 260 days and the interest rate was fixed at 3.5%. China Construction Bank Corp. served as the lead underwriter of the issuance.

As of Jan. 9, US$1 was equivalent to 6.81 Chinese yuan.