Another bond sale for CSIC

Shanghai: China Shipbuilding Industry Corp (CSIC) plans to raise another RMB10bn through a bond sale. 
 
The state-owned parent company of Shanghai-listed China Shipbuilding Industry Co will sell the five-year unsecured notes on the interbank market on 16 August. 
 
The company intends to use 30% of the proceeds to repay debt with the rest used to top up working capital. 
Back in June CSIC raised around RMB8bn from a convertible bond sale.  [14/08/12]

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