China’s Qingdao Port International plans RMB 5 billion bonds via UBS

By Marisa Wong

Morgantown, W.Va., Jan. 27 – Qingdao Port International Co., Ltd. announced it plans to issue up to RMB 5 billion of corporate bonds.

The China Securities Regulatory Commission approved the company’s application for the proposed bonds on Jan. 21.

UBS Securities Co., Ltd. will act as lead underwriter.

Dagong Global Credit Rating Co., Ltd. has assigned an AAA rating to the bonds.

Proceeds will be used to supplement liquidity.

The Qingdao, China, company provides a range of port-related services.

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