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Xiamen Tungsten issues 600M yuan in short-term notes

Xiamen Tungsten Co. Ltd. completed an offering for 600 million Chinese yuan of short-term bonds on Sept. 20, according to a Sept. 21 statement.

The notes will mature in 270 days with a fixed interest rate of 3.35%.

China Construction Bank Corp. served as the lead underwriter for the issuance.

As of Sept. 20, US$1 was equivalent to 7.10 Chinese yuan.