Cosco Bulk to secure $475m loan

Dalian: China Cosco Holdings announced that its fully controlled subsidiary Cosco Bulk Shipping Group is going to secure working capital loans of $400m and $75m from China Development Bank and Bank of China respectively.

Cosco Holdings said the loans are to satisfy Cosco Bulk Group’s normal business operation and development needs, and it will provide guarantees for the loans which have a term of three years to facilitate its development. [03/07/14]

 

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