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%
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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