Inner Mongolia-based Chinese steelmaker
Baotou Iron and Steel Co. (Baogang Group) has announced that on June 17 it plans to issue short-term bonds worth RMB 3 billion ($0.49 billion) for a term of 365 days, in its second short-term bond issue in the current year.
China CITIC Bank will be the lead underwriter.
Beijing-based Dagong Global Credit Rating Co., Ltd (Dagong) has given the new short-term bonds in question a rating of A-1, while it has ranked the issuer's credit rating as AA+.