Shandong Shipping to issue credit-enhanced bonds

Dalian: Shandong Shipping Corporation is to issue $200m five-year credit-enhanced bonds guaranteed by Agricultural Bank of China.

The company is to issue the bonds through its overseas subsidiary SDSC International Finance and marks the first time Shandong Shipping has participated in the international bond market.

The A1/A/A rating bonds are to be listed in Hong Kong Exchanges and Clearing. ABC International and HSBC will be the lead managers. [06/11/14]

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