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GF Securities issues 4B yuan of bonds

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GF Securities issues 4B yuan of bonds

GF SecuritiesCo. Ltd. issued 4 billion yuan of subordinated bonds, Reutersreported Sept. 28, citing a Chinese-language release.

The three-year bonds were priced with a coupon of 3.50%. Theissuance was completed Sept. 12.

As of Sept. 27, US$1was equivalent to 6.67 Chinese yuan.