Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) has announced that it plans to issue medium-term notes worth RMB 3.0 billion ($484 million) on July 29-30. This will be the company's first medium-term notes issue in the current year.
The bonds in question will mature within three years. China Construction Bank (CCB), Bank of China (BOC) and Agricultural Bank of China (ABC) will be the co-lead underwriters.
China Chengxin International Credit Rating Co. has given the medium-term notes to be issued a rating of AAA, while it has ranked the issuer's credit rating as AAA.