Hong Kong’s CSSC Shipping readies offering of guaranteed notes

Chicago, July 19 – CSSC (Hong Kong) Shipping Co. Ltd. has announced a proposed issue of bonds (A-) that will be issued by its special purpose company CSSC Capital 2015 Ltd., according to a notice on Monday.

The company has hired Bank of China (Hong Kong), CCB International, CLSA and DBS Bank Ltd. as joint global coordinators.

They are joined by ABC International, Bank of Communications, CMB International, CNCB Capital, Credit Agricole CIB, Haitong International, Shanghai Pudong Development Bank Hong Kong Branch and SPDB International as joint bookrunners and joint lead managers for the Regulation S only transaction.

Proceeds will be used to develop the group’s leasing business, including to finance or refinance expenditures on eligible green and blue projects to generate positive environmental benefits in accordance with the issuer’s green bond finance framework.

The ship leasing company is based in Hong Kong.

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