China Shipping to issue dollar bonds

Shanghai: China Shipping Group plans to issue US dollar-denominated credit enhancement bonds and starts the roadshow on Thursday through its wholly-owned subsidiary, China Shipping Overseas Finance 2013 Limited.

The bonds will be supported by the Bank of China Macau Branch.

The company has not disclosed the scale of the bond issue yet, but the group said it will use the raised capital for general operation. [16/01/14]

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