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ANNOUNCEMENTON THE COMPLETION OF THE ISSUANCE OF THE SECOND TRANCHE MEDIUM TERM NOTES OF 2019 OF COSCO SHIPPING DEVELOPMENT CO., LTD.
发布时间: 2019-08-27

  On 15 August 2019, COSCO SHIPPING Development Co., Ltd. (the “Company”) issued the second tranche medium term notes of 2019 in a total amount of RMB1.5 billion, with a maturity of 3 years and coupon rate of 3.56%, in the national inter-bank bond market (the “Issuance”). During the Issuance, the medium term notes were well received by institutional investors with 1.9 times over-subscription, demonstrating the recognition from the inter-bank bond market.

  Upon the Issuance, the Company has completed the issuance of all three tranches of medium-term notes, with the total proceeds of RMB5 billion. The issuance of medium-term notes effectively optimizes the Company's debt structure, further increases its financing channels and is beneficial to the sustainable development of the Company.

 
 
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Cosco Shipping Development Company Limited (formerly China Shipping Container Lines Company Limited), a specialized corporation affiliated to China COSCO Shipping Corporation Limited, is mainly involved in supply chain integrated financial services. It was established in 1997, with head office in Shanghai, the PRC, and is listed both in Hong Kong and Shanghai. The registered capital of the Company is RMB11.68 billion. As at June 30 2016, the Company had total assets of RMB101.29 billion.
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