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2011 October 3   11:17

Cosco Corp establishes bonds programme

Singapore-listed Cosco Corp has established a RMB2bn bonds progamme. Cosco Corp, the largest shareholder in Cosco Shipyard Group, said it has set a RMB2bn multi-currency medium term notes programme, Seatrade Asia online reports.  Under the programme the company can issues notes in RMB or other currencies in series or tranches.The company said proceeds from the issues would be used for general corporate purposes.
JP Morgan has been appointed as the arranger and a dealer for the programme and BOCI Asia has been appointed as a dealer.

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