Masteel to issue short-term bonds worth RMB 1.5 billion

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Publish time: 12th September, 2013      Source: ChinaCCM
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On September 10, Anhui Province-based Chinese steelmaker Maanshan Iron and Steel Co. (Masteel) announced that it plans to issue short-term bonds worth RMB 1.5 billion ($245 million) on September 13. The bonds, which are the first short-term bonds to be issued by the company in the current year, will mature within 365 days.

CITIC Securities Co. will be the lead underwriter. China Chengxin International Credit Ranking Co. has ranked Masteel's short-term credit rating as AA+ and has given the short-term bonds in question a rating of A-1.