Greater China

Dalian Port plans offshore bonds

Dalian: Dalian Port announced that it plans to take advantage of favorable policies in both domestic and overseas markets to issue RMB1bn worth of offshore bonds with a maturity of 3-5 years.

Dalian Port said the issue of offshore bonds will further strengthen the operating capability and lower costs of the company.

In the meantime Dalian Port said it will bring in a new investor, Dalian Lingfeng Energy, to its subsidiary Dalian Jinxin Petrochemical to promote its port petrochemical trading business. Dalian Lingfeng Energy will take 40% equity in Dalian Jinxin Petrochemical. [10/06/14]

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