New Times Shipbuilding announced through a regulatory filing that the Chinese builder would modify its plan to issue the second mid-term corporate bond of 2013.

According to the builder’s plan to issue the second mid-term corporate bond, it was planning to issue CNY 1.8bn (around $290m) bond with three-year maturity in the second quarter of 2013, however its board of directors agreed unanimously to adjust the plan of corporate bond issue due to recent market’s liquidity contraction, high base interest rate, capital requirement changes and so on.

The new plan says that the builder will issue the rest of bonds by January 31, 2015, with the same amount, CNY 1.8bn, with three-year maturity.