China Merchants Port Group (SHE:001872, SHE:201872) plans to issue its first tranche of super short-term commercial paper for the year, which will be worth 2 billion yuan, according to a Shenzhen bourse filing on Saturday.
The shipping company's B shares rose 1% during Monday's midday trade.
The bond will have a term of 269 days.
Ping An Bank (SHE:000001) will be the lead underwriter.
Proceeds will be used to supplement the company's working capital and pay debt.
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