May 19 -- Dalian Port (601880) plans to issue 2.35 billion yuan worth of corporate bonds with a coupon rate of 5.05-5.55 percent, reports stcn.com, citing a company filing.

The bonds have a term of 10 years.

Ninety percent of the issuance will be for institutional investors.

The subscription date is May 23.

Of the total funds raised, 600 million yuan will be used to repay bank loans and to restructure its debt. The remainder will be used for working capital.