On May 13, Shandong
Province-based Chinese steelmaker Shandong Iron and Steel Group Co announced
that it is planning its second issue of medium term notes for the current year,
with the notes in question valued at CNY 3 billion (USD 487.8 million).
The notes will mature
within five years. China Construction Bank will be the lead underwriter.
According to Dagong Global Credit Rating Co., Shandong Iron and Steel Group has
a credit rating of ‘AAA', while the rating for its planned medium-term note
issue is also ‘AAA'.
Source: Steel Orbis
|