Shanxi Province-based Chinese stainless steel producer Taiyuan Iron and Steel (Group) Co. (TISCO) has announced that it plans to issue ultra short-term bonds worth RMB 3 billion ($0.49 billion) on December 10. The bonds will mature within 270 days, while Industrial and Commercial Bank of China (ICBC) will be the lead underwriter.
Beijing-based China Lianhe Credit Rating Co. (CCXI) has ranked the issuer's credit rating as AAA.