Shanxi Province-based Chinese stainless steel producer Taigang Stainless Steel Co., a subsidiary of Taiyuan Iron and Steel (Group) Co. (TISCO), has announced that it plans to issue ultrashort-term bonds worth RMB 2.0 billion ($325 million) on September 18.
The bonds will mature within 270 days, while Agricultural Bank of China (ABC) will be the lead underwriter. Beijing-based China Dagong Global Credit Rating Co. has ranked the issuer's long-term credit rating as AAA.