Dalian Port (PDA) will issue three-year and five-year foreign corporate bonds, in overseas markets, reports Shanghai Securities News, citing a company filing, Capitalvue reports. The bonds have principals of one billion yuan.
The firm’s new foreign subsidiary and another foreign subsidiary will provide an enforceable guarantee for the bond issuance. Funds raised will be used to complement floating cash for its foreign operations.
Dalian Port will spend one billion yuan in idle funds to invest in three-month deposits.
The firm’s new foreign subsidiary and another foreign subsidiary will provide an enforceable guarantee for the bond issuance. Funds raised will be used to complement floating cash for its foreign operations.
Dalian Port will spend one billion yuan in idle funds to invest in three-month deposits.