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Shandong Steel Group to Issue Medium Term Notes Worth CNY 3 billion

https://en.steelhome.com [SteelHome] 2013-05-16 09:05:08

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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

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