Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group has announced that it plans to issue short-term bonds worth RMB 2.0 billion ($0.33 billion) for a term of 365 days on July 16, in its first short-term bond issue in the current year. China Construction Bank will be the lead underwriter.
Beijing-based China Cheng Xin International Credit Rating Co. (CCXI) has given the short-term bonds in question a rating of A-1, while it has ranked the issuer's credit rating as AAA.