Shandong Province-based Chinese steelmaker Shandong Iron and Steel Group Co. announced on September 12 that it plans to issue medium-term notes worth RMB 2 billion ($326.8 million) on September 22-23. The notes in question will mature within three years, while Industrial and Commercial Bank of China and China Everbright Bank will be the lead underwriters.
Dagong Global Credit Rating Co. has ranked Shandong Steel's medium-term credit rating as AAA and has given the medium-term bonds in question a rating of AAA.