By Marisa Wong
Madison, Wis., Sept. 15 – Xiamen International Port Co., Ltd. said that non-wholly owned subsidiary Xiamen Port Development Co., Ltd. issued RMB 300 million of short-term notes on Sept. 12.
The one-year notes carry a coupon of 5.26%.
Industrial Bank Co., Ltd. is the underwriter for this first tranche of short-term notes.
Xiamen Port announced in October 2012 that it planned to issue up to RMB 700 million of one-year notes in China.
Proceeds will be used for general working capital, as noted before.
The Xiamen, China-based company is principally engaged in the provision of port logistics services, trading services of commodities, as well as the sale of construction materials.
| Issuer: | Xiamen Port Development Co., Ltd.
|
| Issue: | Short-term notes
|
| Amount: | RMB 300 million
|
| Maturity: | One year
|
| Coupon: | 5.26%
|
| Underwriter: | Industrial Bank Co., Ltd.
|
| Settlement date: | Sept. 12
|
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