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SIPG to issue 1.5bn yuan in medium-term bonds

SIPG to issue 1.5bn yuan in medium-term bonds

Shanghai: Shanghai International Port (Group) Co Ltd said it plans to issue up to 1.5bn yuan in three-year bonds on the interbank market on June 19. In a statement to the chinabond.com website, the company said the yield on the bonds will be determined via book-building. Proceeds will supplement working capital, buy port related facilities and optimize its loan structure, it said. Bank of China will be the main underwriter.  [17/6/08]

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