On March 12, Tianjin-based Chinese steelmaker Tianjin Pipe (Group) Corporation (TPCO) announced that on March 14 it will issue short-term bonds worth a total of RMB 500 million ($81.7 million) for a term of 365 days. This is the steel producer's first short-term bond issue in the current year. Industrial Bank Co. will be the lead underwriter.
The short-term bonds which will be issued have been given a rating of A-1, while the issuer's credit rating has been ranked as AA.
Source:
http://www.steelorbis.com/steel-news/latest-news/tianjin-pipe-group-to-issue-short_term-bonds-worth-rmb-500-million-817493.htm
