The shipowner said the notes will be sold on Tuesday and will mature over 270 days.

The interest rate will be set during bookbuilding.

China Lianhe Credit Rating has rated the issue at AAA, saying the company has strong repayment ability and is not affected by external economic factors.

China Development Bank is the lead underwriter and bookrunner, with Industrial and Commercial Bank of China a joint lead underwriter, China Knowledge reported.

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