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Ningbo Zhoushan Port Issues 2 Billion Yuan Super Short-Term Commercial Paper

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Ningbo Zhoushan Port (SHA:601018) issued super short-term commercial paper worth 2 billion yuan, the first tranche of such bonds for the year, according to a Shanghai bourse filing over the weakened.

The Chinese port operator's shares rose 1% during Monday's midday trade.

The bonds have a 1.45% interest rate and a term of 180 days, maturing Feb. 3, 2027.

Proceeds will be used to pay debt.

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