Yunnan Province-based Chinese steelmaker Kunming Iron and Steel Co. Ltd. (KISC) has announced that it plans to issue medium-term bonds worth RMB 1.1 billion ($175 million) on April 9. The period of issuance of the short-term bonds is five years, with China Development Bank as the main consignee.
China Chengxin International Credit Ranking Co. has ranked Kunming Steel’s long-term credit rating as ‘AA+’ and the medium-term bonds in question as ‘AA+'