The unsecured paper has a maturity of 365days, it said.
The bulker company intends to list the notes this week.
Ratings agency Shanghai Brilliance gave thecompany an AA rating, with the bills at A-1.
China Construction Bank is the bookrunnerand lead underwriter.
The proceeds will be used to replenish itsworking capital and repay bank loans.
Yudean is part of mining and energygiant Guangdong Yudean Group and controls 24 ships.
