China Rongsheng Heavy Industries has bagged RMB2bn ($317.1m) from the issuance of the first tranche of medium-term notes on Saturday.
The notes carry an interest rate of 5.95% a year over a three-year period, China Rongsheng said in a statement to the Hong Kong Stock Exchange.
The proceeds raised are intended to boost working capital and repay some loans, the Chinese shipbuilder said earlier.
A second issue of the notes could raise about RMB3.6bn.
Source: Seatrade-Asia