On July 29, Gansu-based Chinese steelmaker Jiuquan Steel Group (JISCO) announced that it will issue its second tranche of short-term bonds for the current year on July 31, worth a total value of RMB 4.5 billion ($0.73 billion), for a term of 365 days, and at a fixed rate.
Beijing-based China Lianhe Credit Rating Co. Ltd. has ranked the rating of the short-term bonds in question as A-1, and has ranked the issuer's long-term credit rating as AA+.
Bank of China Limited will be the lead underwriter and bookrunner for the bond issue, while China Construction Bank Corporation will act as co-lead underwriter.