CSIC plans $157m bond issue
China Shipbuilding Industry Corp (CSIC) has proposed to issue RMB1bn ($157.1m) worth of unsecured medium notes on the interbank market on 28 June.
The bonds, underwritten by China Construction Bank and China International Capital, will have a maturity of five years.
CSIC said proceeds raised from the funds will be used to replenish the company's working capital, in particular the purchase of steel and other materials.
Story from NEWS: http://www.turkishmaritime.com.tr/