Edition:
India

Cosco Shipping Development Says Unit Proposes Issuance Of Asset-Backed Securities


Friday, 7 Dec 2018 

Dec 7 (Reuters) - COSCO SHIPPING Development Co Ltd <601866.SS>::PROPOSES ISSUANCE OF ASSET-BACKED SECURITIES BY COSCO SHIPPING LEASING CO., LTD..PROPOSES TO ISSUE ASSET-BACKED SECURITIES IN AGGREGATE PRINCIPAL AMOUNT OF NOT MORE THAN RMB2,455 MILLION.PROCEEDS FROM PROPOSED ISSUANCE WILL BE USED FOR REPAYMENT OF LOANS OF COSCO SHIPPING LEASING AND PROJECT INVESTMENTS. 

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