Shanghai Electrostatic Dust Remover Int'l Port Group to issue RMB 1 bln in financing bills
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Shanghai Electrostatic Dust Remover Int'l Port Group to issue RMB 1 bln in financing bills
Electrostatic Dust Remover Elegant evening dress Elegant wedding dress elegant wedding dresses elegante abendkleider elegante kleider elevator manufacturer elevator parts Embroidery Machine Embroidery Machine Embroidery thread Emergency Blanket emergency shut-off valve emergency shut-off valve Empty gelatin capsules emulsifying machine energy saving lamp energy saving lamp energy saving lamps envelope printing
Shanghai Int'l Port Group to issue RMB 1 bln in financing billsPublished: 17 Jun 2009 16:42:30 PST
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Top 5 News From ChinaKnowledge.comRSA to expand in ChinaDutch pension fund purchases convertible bonds of China HuiyuanShanghai Int'l Port Group to issue RMB 1 bln in financing billsHSBC approved to sell RMB 3 bln in RMB bonds in HKUBS cuts shareholdings in several Chinese firmsJun. 18, 2009 (China Knowledge) - Shanghai International Port (Group) Co Ltd (Shanghai Port)<600018> announced that it will issue one-year financing bills on the interbank market on Jun. 19, sources reported.
Shanghai Port said in a statement filed with the Shanghai Stock Exchange that it plans to raise up to RMB 1 billion through the issuance.
Both the value date and the payment date will be Jun. 23, 2009. The financing bills will become tradable on Jun. 24, 2009 and the maturity date will be Jun. 23, 2010, according to the company's statement.
The financing bills will be issued at face value and the yield will be determined in the process of book building.
The proceeds from the issuance will be mainly used to optimize the company's financing structure and ensure operation of Yangshan deep-water port near Hangzhou Bay, according to the statement.
Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and the bills AAA and A-1, respectively.
China Everbright Bank (CEB) has been assigned as the major underwriter for the sale.
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