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China Power New Energy Said to Hire Two Banks For Yuan Bond Sale

China Power New Energy Development Ltd., a Hong Kong-based wind and hydro-power company, hired Royal Bank of Scotland Group Plc and Standard Chartered Plc to help it with a planned sale of yuan-denominated bonds, according to a person familiar with the matter.

The company will meet with investors in Singapore and Hong Kong from today, and may sell the Reg S, senior bonds in the near future subject to market conditions, the person said, asking not to be identified as details are private.

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