Kunming, Yunnan Province-based Chinese steelmaker Kunming Iron & Steel Holding Co. (Kunming Steel) has announced that on April 25 it will issue its second set of short-term bonds for the current year, worth a total of RMB 1.5 billion ($245 million), for a term of 365 days.
Beijing-based
China Cheng Xin International 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+. Bank of
China Limited will be the lead underwriter for the bond issue.