China Merchants Port raises $100m from virus-control bonds
Proceeds will be used to pay debts and replenish working capital in relation to the company’s measures of controlling the effects of the coronavirus outbreak. Earlier issuances suggested such types of bonds were offered low borrowing costs by lenders
More than 60 entities have raised Yuan7.5bn from the so-called virus-control bonds in the period from February 10 to February 21, according to Wind’s data
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