On March 25, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Co. Ltd announced that its plan to issue bonds worth up to RMB 5 billion ($803.9 million) has been approved by the China Securities Regulatory Commission (CSRC).
Accordingly, the bond issue will take place within six months, including three-year bonds worth up to RMB 3 billion ($482.3 million) and five-year bonds worth up to RMB 2 billion ($321.5 million).