HomeProduct Complimentary download Kunming Steel to issue medium-term bonds worth RMB 1.1 billion

Kunming Steel to issue medium-term bonds worth RMB 1.1 billion

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Publish time: 2nd April, 2013      Source: ChinaCCM
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Yunnan Province-based Chinese steelmaker Kunming Iron and Steel Co. Ltd. (KISC) has announced that it plans to issue medium-term bonds worth RMB 1.1 billion ($175 million) on April 9. The period of issuance of the short-term bonds is five years, with China Development Bank as the main consignee.   China Chengxin International Credit Ranking Co. has ranked Kunming Steel's long-term credit rating as 'AA+' and the medium-term bonds in question as 'AA+'