China’s Dalian Port seeks to issue up to RMB 1 billion overseas bonds

By Marisa Wong

Madison, Wis., June 9 – Dalian Port (PDA) Co. Ltd. announced that it plans to issue up to RMB 1 billion of three- to five-year bonds in the overseas market.

The company said it is pursuing the issuance given favorable policies and interest rates in the overseas capital markets, and it is looking to further reduce financing costs and gain flexibility in raising funds.

The proposed issuance is subject to shareholders’ approval.

The Dalian City, China-based company owns and manages the Port of Dalian.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.