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Shanghai Pudong Bank Said to Hire Two Banks for Bond Sale

Shanghai Pudong Development Bank Co. hired China International Capital Corp. and Haitong Securities Co. for a sale of as much as 30 billion yuan of bonds, a person with direct knowledge of the matter said.

The specific amount of the sale hasn’t been determined and the deal is awaiting government approval, said the person, declining to be identified because the details are private.

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