On April 24, CSSC's 2020 second-phase corporate bonds were successfully issued on Shanghai Stock Exchange, with a scale of 3 billion yuan, a 3-year term, and a coupon rate of 2.38%. The corporate bond hit a record low in the domestic issuance price of corporate bonds of more than 2 years.
In this bond issuance, China Securities is the lead underwriter and bookkeeper, and CITIC Securities, Haitong Securities, Everbright Securities and Industrial Securities are the joint lead underwriters.
The first phase of CSSC's corporate bond "20 CSSC 01" was issued in March this year, with a scale of 2 billion yuan.
CSSC said that the successful issuance of corporate bonds further consolidated the position of CSSC in the capital market, helped the group company to optimize the debt structure, reduce financing costs, make every effort to win the battle of prevention and control of epidemic and scientific research, and achieve high-quality development.
Source: Sarah Yu, XINDE MARINE NEWS
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