Liaoning Province-based Chinese steelmaker
Benxi Steel Group Co. has announced that its subsidiary Beiying Iron and Steel Co. plans to issue short-term bonds worth RMB 1.5 billion ($0.24 billion) for a term of 365 days on July 1, in its first short-term bond issue in the current year.
China Minsheng Bank and
China Guangfa Bank will be the lead underwriters.
Beijing-based
China Lianhe Credit Rating Co. has given the short-term bonds in question a rating of A-1, while it has ranked the issuer's credit rating as AA.