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CICC Upgrades COSCO Shipping Specialized Carriers to Outperform from Market Perform; Price Target is 9.88 Yuan
SHA:600428
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COSCO Shipping Specialized Carriers (SHA:600428) plans to register for issuance up to 5 billion yuan in bonds with a maximum term of 20 years.Proceeds will be used for repaying debts, replenishing working capital, paying ship construction costs and other permitted purposes, according to a Tuesday filing with the Shanghai bourse.The registration is valid for two years.