China State Shipbuilding Corp (CSSC) has raised CNY 5bn ($717m) selling the so-called “coronavirus bonds” in the domestic market.
The deal sees it join other state-owned enterprises in their fund-raising drive as the Covid-19 outbreak hits their businesses hard.
In a web statement, the Chinese shipbuilding conglomerate boasted this issue, underwritten by Bank of Shanghai and Industrial and Commercial Bank of China (ICBC) at end-February, was the largest of its kind.
