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China Vanke issues 2B yuan of short-term bonds

China Vanke Co. Ltd. issued 2.00 billion yuan of 4.6% short-term bonds between June 4 and June 5.

The bonds were issued in denominations of 100 yuan, according to a filing.

China Merchants Bank and the Bank of Beijing served as joint underwriters for the issuance.

The Chinese developer earlier received approval from its shareholders to issue not more than 35.00 billion yuan worth of bonds.

As of June 6, US$1 was equivalent to 6.39 Chinese yuan.