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Cosco Shipping Holdings issues $212m in short-term bonds

The 180-day note that bears a coupon rate of 2.49% will help CSH to repay its debts. It is the second short-term bond that the Chinese liner shipping giant has issued this year

As of end-July, the company’s total current liabilities amounted to Yuan79.2bn, including Yuan24.6bn short-term borrowings, whereas its cash and cash equivalents stood at Yuan33.4bn

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