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Bank of Hebei to issue 2.5B yuan of green bonds

Bank of Hebei Co. Ltd. plans to raise 2.5 billion yuan via a bond issue to support clean energy and environmental protection projects.

The three-year green bonds will bear a 4.8% interest rate, the bank said May 23, without specifying the date of the issuance.

As of May 23, US$1 was equivalent to 6.39 Chinese yuan.