Shanghai International Port Raises 2 Billion Yuan via Bond Issue

MT Newswires Live

02/13

Shanghai International Port (SHA:600018) raised 2 billion yuan via the issue of five-year bonds for working capital and debt repayment.

The bonds carry a coupon rate of 1.81% and mature February 2031, according to a Friday filing with the Shanghai bourse.

Bank of Shanghai served as lead underwriter, with Industrial and Commercial Bank of China and China Minsheng Bank as co-lead underwriters.

Shares of the port operator were down 1% in recent trade.

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