Greater China
Loan for China COSCO Holdings
Hong Kong: Cosco’s Hong Kong-listed flagship has announced it has acquired a US$200m three-year-loan from China Agricultural Bank’s Singapore branch.
China COSCO applied for RMB1.4bn in standby letters of credit for the loan and currently China COSCO has a cumulative amount of external guarantees of US$724.43m. [19/11/12]