China Shipping (Group) Co, the parent company of China Shipping Container Lines Co Ltd., announced that it issued CNY2 billion (US$316.1 million) worth of unsecured medium-term notes with a maturity of three years on May 22, Xinhua reports.
The company said in a statement that the notes will be issued at face value, and the coupon rate be determined during the process of book-building. Both value date and payment due date was May 24, and the to-be-issued notes tradable on May 25.
China Cheng Xin International Credit Rating Co. Ltd. has rated the issuer and notes AAA and AAA, respectively.
