China Merchants Port issues $280m in notes

China Merchants Port Group Co., Ltd. (SZSE:001872) announced today the successful issuance of its ¥2 billion (approximately $280 million USD) medium-term notes. These notes, issued by the company's holding subsidiary, have a term of 3 years and a coupon rate of 1.98%. The issuance was completed on March 24, 2025, with funds received on March 25, 2025. The lead underwriter for the issuance was China Merchants Bank, with other major banks, including the Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China, acting as joint lead underwriters. The notes are registered with the China Interbank Market Traders Association, allowing China Merchants Port Group flexibility to issue up to ¥10 billion in aggregate within a 24-month period.