Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) has announced that on January 15 it will issue ultra short-term bonds worth a total of RMB 2.0 billion ($0.32 billion) for a term of 270 days. This is the steel producer's first short-term bond issue in the current year.
China Construction Bank (CCB) will be the lead underwriter for this short-term bond issue, while Shanghai Pudong Development Bank will be the co-lead underwriter.
China Chengxin International Credit Rating Co. has given the short-term bonds which will be issued a rating of AA+, while it has ranked the issuer's credit rating as AAA .