Henan Province-based Chinese steelmaker Anyang Iron and Steel Group Co. (Angang Group) has announced that on March 5 it will issue its short-term bonds worth a total of RMB 1.2 billion ($0.19 billion) for a term of 365 days. This is the steel producer's first short-term bond issue in the current year.
China Chengxin International Credit Rating Co. has given the short-term bonds which will be issued a rating of A-1, while it has ranked the issuer's credit rating as AA .