Henan Province-based Chinese steelmaker Anyang Iron and Steel Co. (Anyang Steel) has announced that on January 23 it will issue short-term bonds worth a total of RMB 1.0 billion ($0.16 billion) for a term of 365 days. This is the steel producer’s first short-term bond issue in the current year.
China CITIC Bank will be the lead underwriter for this short-term bond issue.
China Chengxin International Credit Rating Co. has given the short-term bonds which will be issued a rating of A-1, while it has ranked the issuer's credit rating as AA.