CSSC issues another RMB6bn notes

Shanghai: China State Shipbuilding Corp (CSSC), the largest shipbuilder in China, has issued RMB6bn worth of medium-term notes today, with a maturity of seven years.

The group initially issued RMB6bn medium-term notes this year on June 19 with a maturity of ten years.

CSSC said in an announcement that it plans to use RMB2.1bn of the proceeds to repay bank loans, RMB2bn to replenish its working capital and RMB1.9bn to fund its projects.  [17/07/12]

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