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Beijing Enterprises Sells 500 Million Yuan Bonds, Terms Say

Beijing Enterprises Water Group Ltd. sold 500 million yuan-denominated bonds in Hong Kong, according to a term sheet.

The company sold 450 million yuan worth of three-year bonds priced to yield 3.75 percent, and a 50 million yuan five-year note priced to yield 5 percent, according to the terms.

DBS Bank Ltd., Goldman Sachs (Asia) L.L.C. and Standard Chartered Bank (Hong Kong) Ltd. managed the issue.

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