Kunming Steel to issue short-term bonds worth RMB 1.5 billion

Thursday, 24 April 2014 12:00:56 (GMT+3)   |   Shanghai
       

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.

Similar articles

Baowu and SHFE to collaborate in spot and futures trading

09 Oct | Steel News

SHFE developing ferrochrome and CRC futures

27 Sep | Steel News

Stainless steel futures start trading at SHFE

25 Sep | Steel News

CSRC approves launch of stainless steel futures at SHFE

02 Sep | Steel News

Shanghai rebar price returns from six-year high

08 Aug | Steel News

Iron ore futures trading at Dalian exchange increases sharply in July

04 Aug | Steel News

Iron ore inventory at Chinese ports edges up slightly

21 Jan | Steel News

WISCO to issue short-term bonds worth RMB 200 million

09 Jan | Steel News

JISCO to issue medium-term notes worth RMB 2.4 billion

22 Sep | Steel News

Taigang Stainless Steel to issue ultrashort-term bonds

18 Sep | Steel News