Qinghai Province-based Chinese steelmaker Xining Special Steel Co. has announced that it plans to issue medium-term notes worth RMB 470 million ($76.8 million) on March 14. The notes in question will mature within seven years. Huaxia Bank will be the lead underwriter.
At present, Xining Special Steel has medium-term notes worth a total of RMB 400 million ($65.4 million) to be repaid.
Beijing-based China Lianhe Credit Rating Co. (CCXI) has ranked the rating of the medium-term notes in question as AA, and has ranked the issuer's credit rating as AA.
Source:
http://www.steelorbis.com/steel-news/latest-news/xining-special-steel-to-issue-medium_term-notes-worth-rmb-470-million-816981.htm
