Liaoning Province-based Chinese steelmaker Dongbei Special Steel Group Co. has announced that on May 19 it plans to issue its first short-term bonds in the current year, worth a total of RMB 700 million ($114 million) and for a term of 365 days.
China Development Bank will be the lead underwriter.
Beijing-based
China Lianhe Credit Rating Co. has ranked the issuer's credit rating as AA, while it has given the short-term bonds in question a rating of A-1.