Trade Resources Industry Views WISCO Plans to Issue Medium-Term Notes Worth RMB 7 Billion ($1.13 Billion) on August 7

WISCO Plans to Issue Medium-Term Notes Worth RMB 7 Billion ($1.13 Billion) on August 7

Tags: WISCO, steelmaker

Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corporation(WISCO) has announced that it plans to issue medium-term notes worth RMB 7 billion ($1.13 billion) on August 7. The period of issuance of the medium-term notes is three years, with China Construction Bank as the main consignee.

China Chengxin International Credit Ranking Co. has ranked WISCO's long-term credit rating as ‘AAA' and the medium-term notes in question as ‘AAA'.

As of July 15 this year, WISCO's total bonds and notes to be paid had amounted to RMB 32.8 billion ($5.31 billion).

Source: http://www.steelorbis.com/steel-news/latest-news/wisco-to-issue-medium_term-notes-worth-rmb-7-billion-774697.htm
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WISCO to Issue Medium-Term Notes Worth Rmb 7 Billion
Topics: Metallurgy