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UBS Raises RMB2 Billion via China Bond Offering

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UBS Group (UBSG.SW) priced 2 billion Chinese yuan through the issuance of a five-year bond in the China Interbank Bond Market.

The offering, which is the Swiss financial services giant's debut so-called panda bond, carries a coupon rate of 1.78%, according to a Thursday release.

UBS Securities and Industrial and Commercial Bank of China acted as lead underwriters for the offering.

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