China International Marine Containers, the world’s largest container manufacturer, has raised CNY 2bn ($290m) from the sale of perpetual bonds to strengthen its balance sheet.
The Shenzhen - and Hong Kong-listed company has pegged the coupon rate for the non-guaranteed bonds at 4.85%, according to an exchange filing.
The issue is the first batch of CIMC’s CNY 12bn bond programme, which received regulatory approval in mid-November.
