COSCO SHIP DEV Proposes Adding 15 Billion Yuan in Medium-Term Note Issuance Capacity

Stock News
Jul 29

COSCO SHIP DEV (02866) has released a board announcement. To support the company's operational development and match the funding requirements for its vessel leasing projects, the board has proposed adjusting the scale of its debt financing instruments. The proposal involves adding 15 billion yuan in medium-term note issuance capacity.

Following the proposed adjustment, the total issuance scale for medium-term notes would be no more than 25 billion yuan. The issuance scale for ultra-short-term commercial paper remains unchanged.

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