Chinese steelmaker Shandong Iron and Steel Group (Shandong Steel) has announced that on December 9 it issued short-term bonds worth RMB 3 billion ($0.49 billion) for a term of 270 days, which is its first ultra short-term bond issue in the current year.Industrial and Commercial Bank of China (ICBC) is the lead underwriter, while Bank of China (BOC) is the co-lead underwriter.
Beijing-based China Cheng Xin International Credit Rating Co. (CCXI) has ranked the issuer's credit rating as AAA.