Bonds News
- CSCL to issue $233m bonds for ships
Date: 28-Mar-2007 Sources: (Shenzhen Daily)
CHINA Shipping Container Lines Co. Ltd. (CSCL) said yesterday it planned to issue 1.8 billion yuan (US$232.7 million) worth of bonds to fund the construction of 12 container vessels.
It would apply to the National Development and Reform Commission for approval of the issue, the container carrier said in a statement.
The vessels, including eight with a volume of 8,530 twenty-foot equivalent units (TEU) each and four at 4,250 TEU each, would be built by China Shipping Industry, a unit of China Shipping's State-owned parent, it added.
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