China Merchants Port Group (SHE:001872, SHE:201872) issued medium-term bonds of 2 billion yuan, according to a Shenzhen bourse filing on Friday.
The bonds will have a term of three years. The proceeds from the issuance will be used to replenish the company's working capital and pay its debts.
China Construction Bank (HKG:0939, SHA:601939) acted as the issuance's lead underwriter, the Chinese port operation services provider said.
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