Asia
China Merchants Port to Issue 2 Billion Yuan in Super Short-Term Commercial Paper
China Merchants Port Group (SHE:001872, SHE:201872) plans to issue its first tranche of super short-term commercial paper for the year, which will be worth 2 billion yuan, according to a Shenzhen bourse filing on Saturday.The shipping company's B shares rose 1% during Monday's midday trade.The bond will have a term of 269 days.Ping An Bank (SHE:000001) will be the lead underwriter.Proceeds will be used to supplement the company's working capital and pay debt.
SHE:000001SHE:001872SHE:201872
