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China's No 2 trust firm makes strong debut with US$ bond

Zhongrong Int'l Trust's US$225m three-year issue pays 6% coupon

Singapore

ZHONGRONG International Trust, China's second-largest trust company, has sold its first US dollar bond which was also a debut for the nation's trust industry into the offshore market. The firm's inaugural US$225 million three-year bond issue pays 6 per cent coupon, said DBS Bank

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