Cosco Shipping Energy to issue RMB5bn in notes

COSCO SHIPPING Energy Transportation Co., Ltd. (HKEX:1138) announced plans to register and issue mid-term notes with the National Association of Financial Market Institutional Investors (NAFMII) for up to RMB5 billion. The company intends to use the proceeds for general corporate purposes, including debt repayment, working capital supplementation, and investments. The terms of the notes will not exceed ten years, with interest rates determined by prevailing market conditions. The proposed issuance is subject to NAFMII approval and shareholder approval at an upcoming annual general meeting. Shareholders and potential investors are advised to exercise caution when dealing in the company's securities.