Dalian: Northeast port operator, Dalian Port, is to raise RMB800m from a three year offering of credit enhanced bonds.
The company has entered into a subscription agreement with ABC International, Agricultural Bank of China Limited Hong Kong Branch, CCB International, China Minsheng Bank, China Merchants Securities (HK), Huatai Financial, ICBC Singapore and Wing Lung Bank Limited.
The proceeds of the bonds issue are intended to be used for refinancing and general working capital purposes.
Dalian Port achieved a total of 17.56m tons cargo throughput in 2014, an increase of 5.5% year-on-year.
