Singapore's Cosco selects bookrunners for roadshow for possible notes

By Christine Van Dusen

Atlanta, Nov. 9 - Singapore's Cosco Corp. (Singapore) Ltd. has mandated BOC International and JPMorgan for a possible offering of notes that will be marketed during a roadshow starting Nov. 10, a market source said.

The marketing trip will take place in Singapore and Hong Kong.

The notes are part of a RMB 2 billion multicurrency medium-term note program established in September.

Under the program, Cosco may issue notes in series or tranches from time to time. The notes may be denominated in renminbi or other currencies and will have various tenors. Interest may be fixed or floating.

Proceeds will be used for general corporate purposes.

Cosco is a Singapore-based shipping company that specializes in ship repair, ship building, offshore marine engineering operations and dry bulk shipping. The company is a subsidiary of Beijing-based China Ocean Shipping (Group) Co.

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