SHANGHAI, Aug 26 (Reuters) - Chinese developer Longfor Group said its 1.5 billion yuan ($219 million) medium-term notes guaranteed by state-owned China Bond Insurance Co. Ltd had been priced at a coupon rate of 3.3%, the lower end of an indicative range.

Beijing-based Longfor, which was selling up to 1.5 billion yuan three-year bonds on Thursday at 3% to 4.3%, has received 2.86 times over-subscription, market sources told Reuters earlier. The company confirmed the news.

(Reporting by Steven Bian in Shanghai and Clare Jim in Hong Kong; Editing by Himani Sarkar)