CIMC Completes Issuance of Two Medium-Term Bonds Worth 2 Billion Yuan

MT Newswires Live
01-22

China International Marine Containers (HKG:2039, SHE:000039) or CIMC completed the issuance of two tranches of medium-term bonds totaling 2 billion yuan, according to a Hong Kong stock exchange disclosure on Tuesday.

Both tranches amount to 1 billion yuan each and have a term of three years, the Chinese logistics company said.

Tranche I has an issue rate of 1.95% per annum while Tranche II has a 1.97% per annum issue rate.

China Merchants Bank (HKG:3968, SHA:600036) is the lead underwriter for Tranche I and Bank of China (HKG:3988, SHA:601988) is Tranche II's lead underwriter.

Proceeds from the tranches will be used to pay debt and supplement the company's working capital.

CIMC's Hong Kong shares fell less than 2% in recent trade.

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