China Merchants Port Group issues CNY 2bn financing bills

China Merchants Port Group (SZSE:001872) announced the successful issuance of its first series of ultra-short-term financing bills for 2025, totaling CNY 2 billion. The issuance, approved by the National Association of Financial Market Institutional Investors, carries a term of 180 days and a face value of CNY 100 per bill, with an interest rate of 1.51%. The lead underwriters for this issuance were China Merchants Bank and China Construction Bank. The funds raised are earmarked for supplementing the company's and its subsidiaries' working capital and repaying maturing debts. The issuance was completed on May 19, 2025, and funds were fully received by May 20, 2025.