Rizhao Port eyes CNH bond with RMB SBLC next week

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Rizhao Port eyes CNH bond with RMB SBLC next week

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Rizhao Port (Hong Kong), a wholly-owned subsidiary of Rizhao Port Group, is eyeing its debut offshore renminbi-denominated bond next week. The proposed bond will be enhanced by a standby letter of credit (SBLC) to be issued by Agricultural Bank of China (ABC), Shandong Branch, and a keepwell deed to be provided by the company.

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