Beijing-based Chinese integrated steel trading and logistics services provider Minmetals Development Co. (Minmetals Development) has announced that today, August 13 it plans to issue super short-term bonds worth a total value of RMB 2 billion ($0.33 billion) for a term of 180 days. The bond issue in question will constitute the company's fifth tranche of super short-term bonds issued in the current year.
China Construction Bank Corporation will act as the lead underwriter. Beijing-based China Cheng Xin International Credit Rating Co. has given the bonds in question a rating of AAA.