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|  | | QQCT to issue RMB 550 million bonds |
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¡¡¡¡Qingdao Qianwan Container Terminal Co (QQCT) announced on Nov 25th, it would issue RMB 550 million short-term bonds with a maturity of 365 days on the interbank market on Dec. 2nd.
¡¡¡¡According to the company¡¯s statement posted on the official Chinabond.com website, this batch of bonds will be issued at the face value and the yield will be determined during the process of book building.
¡¡¡¡The bonds will become tradable on Dec. 4th. The proceeds from the issuance will be used to supplement working capital and the short-term floating capital, according to the company.
¡¡¡¡Established in July 2000 with a total investment of USD887 million, Qingdao Qianwan is a joint venture set up by Qingdao Port (Group) Co, Dubai Ports World, COSCO and APM Terminals.
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