Liaoning Province-based Chinese steelmaker Benxi Steel Group Co. has announced that it plans to issue medium-term notes worth RMB 2.0 billion ($323 million) on July 25. This will be the company's first medium-term notes issue in the current year.
The bonds in question will mature within five years. China Construction Bank (CCB) and Bank of China (BOC) will be co-lead underwriters.
China Chengxin International Credit Rating Co. has given the medium-term notes which will be issued a rating of AA+, while it has ranked the issuer's credit rating as AA+.