JISCO to issue short-term bonds worth RMB 5.5 billion

Tuesday, 18 November 2014 11:52:37 (GMT+3)   |   Shanghai
       

Gansu Province-based Chinese steelmaker Jiuquan Iron and Steel Group Co. (JISCO) has announced that it plans to issue short-term bonds worth RMB 5.5 billion ($895.8 million) on November 19. This will be the company's second short-term bond issue in the current year. The bonds in question will mature within 365 days. China Construction Bank (CCB) will be the lead underwriter.

Beijing-based China Lianhe Credit Rating Co. (CCXI) has given the short-term bonds in question a credit rating of A-, and has ranked the issuer's credit rating as AA+.
 


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