Greater ChinaPorts and Logistics

China Merchants Port issues $99.5m worth of bonds for coronavirus control

China Merchants Port Holdings has announced that the company will issue RMB700m ($99.5m) worth of short-term bonds with a maturity of 266 days from February 24.

China Merchants Bank will be lead underwriter and Bank of China will be the joint underwriter of the bond.

The proceeds from the bond issue will be offered to affiliate companies for coronavirus prevention and control and debt repayment.

China Merchants Port is the largest port operator in China with an extensive network covering Shenzhen, Ningbo, Shanghai, Qingdao, Tianjin, Dalian, Zhangzhou, Zhanjiang, Shantou, Hong Kong and Taiwan. It also runs a global port network portfolio spanning 36 ports in 18 countries and regions.

 

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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