By Jennifer Chiou
New York, June 4 - Dalian Port (PDA) Co. Ltd. announced the issue of a second tranche of RMB 1 billion of medium-term notes.
The notes have a tenor of five years and bear interest at a fixed rate of 4.28% per year.
Proceeds will be used to meet future business development needs and to lower finance costs.
The board of directors approved the proposed issuance on Nov. 5, 2008.
The Dalian City, China-based company owns and manages the Port of Dalian.
| Issuer: | Dalian Port (PDA) Co. Ltd
|
| Issue: | Medium-term notes
|
| Amount: | RMB 1 billion
|
| Maturity: | Five years
|
| Coupon: | 4.28%
|
| Price: | Par of RMB 100
|
| Settlement date: | June 2
|
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