Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) has announced that on October 14 it will issue short-term bonds worth a total of RMB 3.0 billion ($0.49 billion) for a term of 365 days. This is the steel producer's first short-term bond issue in the current year.
China Construction Bank (CCB) will be the lead underwriter for this short-term bond issue.
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 AAA .