By Marisa Wong
Morgantown, W.Va., Aug. 15 – China International Marine Containers (Group) Co., Ltd. said it completed its first tranche of medium-term notes totaling RMB 3.5 billion.
The three-year notes were issued at par with a coupon of 3.07%.
The company had registered to issue up to RMB 6 billion of MTNs, as previously announced.
China Merchants Bank Co. Ltd. is the lead underwriter.
Proceeds will be used to replenish working capital and to repay bank loans.
The transportation equipment company is based in Shenzhen, China.
| Issuer: | China International Marine Containers (Group) Co., Ltd.
|
| Issue: | Medium-term notes, first tranche
|
| Amount: | RMB 3.5 billion
|
| Maturity: | Three years
|
| Coupon: | 3.07%
|
| Price: | Par of RMB 100
|
| Yield: | 3.07%
|
| Underwriter: | China Merchants Bank Co. Ltd.
|
| Settlement date: | Aug. 11
|
| Rating: | China Chengxin International Credit Rating Co., Ltd.: AAA
|
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