By Marisa Wong
Morgantown, W.Va., March 16 – Qingdao Port International Co., Ltd. announced it issued RMB 1.5 billion of bonds on Wednesday.
Pricing details were not disclosed in the company announcement.
This is the company’s first tranche of corporate bonds for 2016. In January the company announced plans to issue up to RMB 5 billion of corporate bonds.
UBS Securities Co., Ltd. is the lead underwriter.
Proceeds from the first tranche will be used to supplement liquidity.
The Qingdao, China, company provides a range of port-related services.
| Issuer: | Qingdao Port International Co., Ltd.
|
| Issue: | Corporate bonds, 2016 first tranche
|
| Amount: | RMB 1.5 billion
|
| Underwriter: | UBS Securities Co., Ltd.
|
| Settlement date: | March 16
|
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