COSCO SHIPPING Development Co (HK:2866) has released an update.
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COSCO SHIPPING Development Co., Ltd. has announced proposed amendments to its corporate bonds issuance plan, aiming to extend the term to a maximum of 20 years and broaden the use of proceeds to include general capital replenishment and vessel purchase financing. The adjustments are designed to capitalize on lower Renminbi interest rates, support business development, and enhance the company’s debt structure. These changes reflect the company’s strategic financial management in response to market conditions and capital needs.
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