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COSCO SHIPPING Development Co., Ltd.Successful Issuance of Super & Short-Term Commercial Papers
发布时间: 2022-07-06

  In June 2022, COSCO SHIPPING Development Co., Ltd. successfully issued three tranches of super & short-term commercial papers at the National Association of Financial Market Institutional Investors, raising a total of RMB3.0 billion with a coupon rate of 2%. During the issuance of the three tranches of super & short-term commercial papers, the Company was highly recognized in the inter-bank market and the investment institutions subscribed actively.

 

  In the first half of 2022, the Company has issued seven tranches of super & short-term commercial papers in total, raising RMB7.0 billion, with an average financing cost of not more than 2.16%. The issuance of super & short-term commercial papers effectively reduced the financing costs of the Company, further enriched the financing channels and facilitated the sustainable development of the Company.

 
 
About Us
COSCO SHIPPING Development Co., Ltd. (the “Company” or “COSCO SHIPPING Development”), formerly known as China Shipping Container Lines Company Limited, is a subsidiary of China COSCO SHIPPING Corporation Limited (“China COSCO SHIPPING” or “COSCO SHIPPING”) specialized in supply-chain financial services. The Company was established in 1997, with head office in Shanghai, the People’s Republic of China (the “PRC”), and is listed both in Hong Kong and Shanghai. The registered capital of the Company is about RMB11.61billion.
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