China Shipbuilding Industry Corp (CSIC) has proposed to issue RMB1bn ($157.1m) worth of unsecured medium notes on the interbank market on 28 June, Seatrade Asia online reports.
The bonds, underwritten by China Construction Bank and China International Capital, will have a maturity of five years.
CSIC said proceeds raised from the funds will be used to replenish the company's working capital, in particular the purchase of steel and other materials.
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