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	<title>Marine Money Archives &#187; Bonds</title>
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	<link>http://www.marine-money.com</link>
	<description>The Ship Finance Publication Of Record</description>
	<lastBuildDate>Mon, 16 Jan 2012 04:04:51 +0000</lastBuildDate>
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		<title>Hanjin Heavy Industries Mulls Bond Offering</title>
		<link>http://www.marine-money.com/archive/hanjin-heavy-industries-mulls-bond-offering</link>
		<comments>http://www.marine-money.com/archive/hanjin-heavy-industries-mulls-bond-offering#comments</comments>
		<pubDate>Mon, 16 Jan 2012 03:25:23 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Daewoo Securities]]></category>
		<category><![CDATA[Hanjin Heavy Industries]]></category>
		<category><![CDATA[Korea Development Bank]]></category>
		<category><![CDATA[Korea Investment & Securities]]></category>
		<category><![CDATA[Meritz Securities]]></category>
		<category><![CDATA[Shinhan Investment Corp]]></category>
		<category><![CDATA[Woori Investment & Securities]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11835</guid>
		<description><![CDATA[Bond markets in Asia continue to serve as a major source of funding for many shipping and shipbuilding companies. Bonds do not dilute existing equity, mostly sold on an unsecured basis, and more importantly offer longer repayment periods at lower costs compared to bank debt. This week, Korean shipbuilder Hanjin Heavy Industries &#38; Construction is [...]]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/hanjin-heavy-industries-mulls-bond-offering/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>COSCO Holdings Raises RMB 4 billion Domestic Bonds</title>
		<link>http://www.marine-money.com/archive/cosco-holdings-raises-rmb-4-billion-domestic-bonds</link>
		<comments>http://www.marine-money.com/archive/cosco-holdings-raises-rmb-4-billion-domestic-bonds#comments</comments>
		<pubDate>Mon, 16 Jan 2012 03:19:12 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Bank of China]]></category>
		<category><![CDATA[China International Capital Corporation]]></category>
		<category><![CDATA[china lianhe credit rating]]></category>
		<category><![CDATA[Cosco Holdings]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11828</guid>
		<description><![CDATA[Investors have appeared to leave China COSCO Holdings’ recent fiasco over charter party disputes behind them, as evident from the successful closing of company’s latest jumbo bond offering. The listed flagship and subsidiary of China Ocean Shipping (Group) Company sold RMB 4 billion (USD 626 million) seven year medium term notes (“MTN”), with lead manager [...]]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/cosco-holdings-raises-rmb-4-billion-domestic-bonds/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Beefing Up War Chest &#8211; Yangzijiang Taps Domestic Bonds</title>
		<link>http://www.marine-money.com/archive/beefing-up-war-chest-yangzijiang-taps-domestic-bonds</link>
		<comments>http://www.marine-money.com/archive/beefing-up-war-chest-yangzijiang-taps-domestic-bonds#comments</comments>
		<pubDate>Tue, 03 Jan 2012 02:23:50 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Bank of Beijing]]></category>
		<category><![CDATA[Bank of Nanjing]]></category>
		<category><![CDATA[China Minsheng Bank]]></category>
		<category><![CDATA[Donghai Securities]]></category>
		<category><![CDATA[First Capital]]></category>
		<category><![CDATA[Hongyuan Securities]]></category>
		<category><![CDATA[Industrial Bank]]></category>
		<category><![CDATA[Shanghai Pudong Development Bank]]></category>
		<category><![CDATA[Yangzijiang Shipbuilding]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11422</guid>
		<description><![CDATA[Just before 2011 came to a close, Jiangsu New Yangzi Shipbuilding (“JNY Shipbuilding”) filled its coffers with over RMB 1.4 billion (USD 220.9 million), having sold its first ever RMB denominated medium term notes (“MTN”) with lead manager, China Minsheng Bank. The three year unsecured notes, issued by the wholly owned subsidiary of the Singapore [...]]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/beefing-up-war-chest-yangzijiang-taps-domestic-bonds/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Aban Offshore Taps High Yield Bonds for Refinancing</title>
		<link>http://www.marine-money.com/archive/aban-offshore-taps-high-yield-bonds-for-refinancing</link>
		<comments>http://www.marine-money.com/archive/aban-offshore-taps-high-yield-bonds-for-refinancing#comments</comments>
		<pubDate>Tue, 20 Dec 2011 06:08:25 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Aban Offshore]]></category>
		<category><![CDATA[Pareto Securities]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11408</guid>
		<description><![CDATA[Even as the year comes to a close, companies are busy strengthening their balance sheets and ensuring there is sufficient capital to ride through the uncertainties lying ahead. With banks tightening their lending requirements and some reducing their shipping exposure or exiting from the industry, the “Norwegian” high yield market continues to offer oil service, [...]]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/aban-offshore-taps-high-yield-bonds-for-refinancing/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CSIC eyes RMB 8 billion Convertibles</title>
		<link>http://www.marine-money.com/archive/csic-eyes-rmb-8-billion-convertibles</link>
		<comments>http://www.marine-money.com/archive/csic-eyes-rmb-8-billion-convertibles#comments</comments>
		<pubDate>Tue, 22 Nov 2011 05:43:35 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[China Shipbuilding Industry Corporation]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11206</guid>
		<description><![CDATA[Buana Listya is not the only company in the maritime space that is mulling over issuing convertible bonds. Chinese state owned shipbuilder, China Shipbuilding Industry Corporation (“CSIC”) is planning to raise not more than RMB 8.05 billion (USD 1.27 billion) worth of convertibles and out of which RMB 3.63 billion will be used to acquire [...]]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/csic-eyes-rmb-8-billion-convertibles/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Buana Listya Tama mulls over Convertibles</title>
		<link>http://www.marine-money.com/archive/buana-listya-tama-mulls-over-convertibles</link>
		<comments>http://www.marine-money.com/archive/buana-listya-tama-mulls-over-convertibles#comments</comments>
		<pubDate>Tue, 22 Nov 2011 05:36:12 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Buana Listya Tama]]></category>
		<category><![CDATA[RS Platou Markets]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11203</guid>
		<description><![CDATA[Six months after a successful spin off from Berlian Laju Tanker (“BLT”), Jakarta listed Buana Listya Tama (“Buana Listya”) is seeking to raise USD 50 million through a convertible bond issue. Details of the potential private placement are yet announced, but we understand that the proceeds will be set aside to fund capital expenditure, as [...]]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/buana-listya-tama-mulls-over-convertibles/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sinotrans Shipping Marks Maiden RMB Bond Issue</title>
		<link>http://www.marine-money.com/archive/sinotrans-shipping-marks-maiden-rmb-bond-issue</link>
		<comments>http://www.marine-money.com/archive/sinotrans-shipping-marks-maiden-rmb-bond-issue#comments</comments>
		<pubDate>Mon, 24 Oct 2011 02:11:52 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Bank of China Hong Kong]]></category>
		<category><![CDATA[Bank of China International (“BOCI Asia”)]]></category>
		<category><![CDATA[Sinotrans Shipping]]></category>
		<category><![CDATA[Wing Lung Bank]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10967</guid>
		<description><![CDATA[Sinotrans Shipping Inc has closed the first ever offshore RMB denominated bonds issued ever by a shipping company. The wholly owned listed subsidiary of state-owned Sinotrans &#38; CSC Group was able to generate sufficient demand for the offering, despite the deepening debt crisis in the Western hemisphere. The bookrunners Bank of China (Hong Kong), Bank [...]]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/sinotrans-shipping-marks-maiden-rmb-bond-issue/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bonds Frenzy Continues in Korea</title>
		<link>http://www.marine-money.com/archive/bonds-frenzy-continues-in-korea</link>
		<comments>http://www.marine-money.com/archive/bonds-frenzy-continues-in-korea#comments</comments>
		<pubDate>Thu, 22 Sep 2011 07:21:36 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Hanjin Shipping]]></category>
		<category><![CDATA[Hyundai Merchant Marine]]></category>
		<category><![CDATA[SK Shipping]]></category>
		<category><![CDATA[STX Pan Ocean]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10603</guid>
		<description><![CDATA[Historically low interest rates have encouraged investors to chase after high yielding assets and many shipping companies have taken advantage of this low interest environment and strong investor demand for yield to lock in cheaper cost of funds, either to refinance existing debt or build up cash positions. This is especially pronounced in China, Japan [...]]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/bonds-frenzy-continues-in-korea/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Shipping Bonds Take Speed amid Market Turmoil</title>
		<link>http://www.marine-money.com/archive/shipping-bonds-take-speed-amid-market-turmoil</link>
		<comments>http://www.marine-money.com/archive/shipping-bonds-take-speed-amid-market-turmoil#comments</comments>
		<pubDate>Thu, 08 Sep 2011 08:20:57 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Bank of China Hong Kong]]></category>
		<category><![CDATA[Bank of China International]]></category>
		<category><![CDATA[China Construction Bank]]></category>
		<category><![CDATA[China COSCO Holdings]]></category>
		<category><![CDATA[China Shipping Development]]></category>
		<category><![CDATA[Ezion]]></category>
		<category><![CDATA[Ezra]]></category>
		<category><![CDATA[Mitsui O.S.K. Lines]]></category>
		<category><![CDATA[Nippon Yusen Kaisha]]></category>
		<category><![CDATA[Sinotrans Shipping]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10612</guid>
		<description><![CDATA[More shipping companies in Asia are taking a closer look at the variety of bond instruments, ranging from conventional straight bonds to more innovative “dim sum bonds” and perpetual bonds, despite the uncertainties and volatility revolving around the global economy. Following the successful closing of China Shipping Development’s RMB 3.95 billion (USD 602 million) convertible [...]]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/shipping-bonds-take-speed-amid-market-turmoil/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>China Shipping Development Completes Mega Bond Issue</title>
		<link>http://www.marine-money.com/archive/china-shipping-development-completes-mega-bond-issue</link>
		<comments>http://www.marine-money.com/archive/china-shipping-development-completes-mega-bond-issue#comments</comments>
		<pubDate>Fri, 26 Aug 2011 02:24:28 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[China Shipping Development]]></category>
		<category><![CDATA[China Shipping Group]]></category>
		<category><![CDATA[CICC]]></category>
		<category><![CDATA[Guotai Junan Securities]]></category>
		<category><![CDATA[Shanghai Stock Exchange]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10657</guid>
		<description><![CDATA[Hong Kong and Shanghai listed China Shipping Development has completed a RMB 3.95 billion (USD 602 million) convertible bond issue that could be the largest convertible offering by an Asian shipping company ever. The oil and bulk carrier division of state-owned China Shipping Group plans to make use of the six year bond proceeds to [...]]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/china-shipping-development-completes-mega-bond-issue/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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