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]

Back to top button