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China's Bank of Communications plans 5 billion yuan bond offering
By Aaron Hochman-Zimmerman
New York, March 19 - Bank of Communications Co. Ltd. announced plans to issue bonds worth up to 5 billion yuan with a maturity of one to three years, according to a press release.
Proceeds will be used for granting loans, general working capital and for general corporate purposes.
The bank is a Shanghai-based retail and commercial bank.
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