Chinese steelmaker Shandong Iron and Steel Group (Shandong Steel) has announced that on January 23 it plans to issue ultra short-term bonds worth RMB 2 billion ($0.32 billion) for a term of 180 days, in its first ultra short-term bond issue in the current year. Shanghai Pudong Development Bank (SPDB) is the lead underwriter.
Beijing-based China Cheng Xin International Credit Rating Co. (CCXI) has ranked the issuer's credit rating as AAA.