CSG sells another billion

China Shipping Group (CSG) is plotting another short-term notes sale to raise CNY 1bn ($160m).

The 90-day paper will be sold on Wednesday, it said.

Shanghai Pudong Development Bank and China Construction Bank are the joint lead underwriters.

China Lianhe Credit Rating has rated the issuer AAA.

In 2013, it raised CNY 3.5bn in short-term debt.