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Cosco Shipping Development plans to issue $878m bonds

The bond plan comes as CSD posts a 69% year-on-year fall in net profit for the first half of 2018. Its main business, shipping-related leasing, saw operating revenue slip 6.1%

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The bonds can be issued en bloc or in instalments within a 24-month time span, while funds raised will be used to pay debts and replenish working capital

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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