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COSCO SHIPPING Successfully Issued Corporate Bonds Series II Valued at RMB 4 Billion

Date:2018-07-31 Read times: font size:[ L M S ]

On July 19, 2018, COSCO SHIPPING successfully issued its corporate bonds series II for qualified investors valued at 4 billion yuan at the Shanghai Stock Exchange (SSE). Issued through book building, Series II is uncovered fixed-rate bonds, which are enthusiastically subscribed by investors. The 3-year bonds are valued at 2.5 billion yuan at an interest rate of 4.43%, and the 5-year bonds are valued at 1.5 billion yuan at an interest rate of 4.64%, both of which are the best offer of the same term in the market.

The successful issue of corporate bonds series II suggests the full recognition given by market investors to the qualification and market position of COSCO SHIPPING. It will help the issuer and its subsidiaries better serve the national strategy, and address the new challenges arising from the changes of global political and economic situation.

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