China Merchants Port raises $600m in bond issue
Chinese port operator said the fundraising will help optimise its financial structure and ‘meet the company’s need to expand overseas operations’. Potential acquisitions are seen in emerging markets
Of the total, $400m of the bonds carry an annual interest rate of 3.5% and are not redeemable for the first three years after the issuance. The other tranche of $200m, with an interest rate of 3.875%, are unredeemable for five years
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