Kunming, Yunnan Province-based Chinese steelmaker Kunming Iron & Steel Holding Co. (Kunming Steel) has announced that it will issue its first ultra short-term bonds for the current year on February 5, worth a total of RMB 1 billion ($0.16 billion), for a term of 270 days. China Merchants Bank (CMBC) will be the lead underwriter for the bond issue.
Beijing-based China Cheng Xin International Credit Rating Co. has given the issuer a credit rating of AA+.