China Merchants Shekou Industrial Zone Holdings (SHE:001979) plans to issue 5 billion yuan in two tranches of three-year corporate bonds, according to a Thursday filing with the Shenzhen Stock Exchange.
The bonds form part of a 16.6-billion-yuan bond program. Tranche 1 has a size of 3.21 billion yuan, while tranche 2 is valued at 1.79 billion yuan.
Proceeds will be used primarily to repay bonds and interest-bearing liabilities.
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