Trade Resources Industry Views Minmetals Development Issues Super Short-Term Bonds Worth a Total Value of RMB 2 Billion

Minmetals Development Issues Super Short-Term Bonds Worth a Total Value of RMB 2 Billion

Beijing-based Chinese integrated steel trading and logistics services provider Minmetals Development Co. (Minmetals Development) has announced that today, August 13 it plans to issue super short-term bonds worth a total value of RMB 2 billion ($0.33 billion) for a term of 180 days. The bond issue in question will constitute the company's fifth tranche of super short-term bonds issued in the current year.

China Construction Bank Corporation will act as the lead underwriter. Beijing-based China Cheng Xin International Credit Rating Co. has given the bonds in question a rating of AAA.

Source: http://www.steelorbis.com/steel-news/latest-news/minmetals-development-to-issue-super-short_term-bonds-worth-rmb-2-billion-776346.htm
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Minmetals Development to Issue Super Short-Term Bonds Worth RMB 2 Billion
Topics: Metallurgy