On September 20, Gansu Province-based Chinese steelmaker Jiuquan Iron and Steel Group Co. (JISCO) announced that it plans to issue medium-term notes worth RMB 2.4 billion ($389.6 million) on September 26. This will be the company's first medium-term note issue in the current year. The notes in question will mature within three years. Agricultural Bank of China (ABC) will be the lead underwriter.
Beijing-based China Lianhe Credit Rating Co. (CCXI) has ranked the rating of the medium-term notes in question as AA+, and has ranked the issuer's credit rating as AA+.