Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corp. (WISCO) has announced that it plans to issue short-term bonds worth RMB 200 million ($32.26 million) on January 13. This will be the company's first short-term bond issue in 2015.
The bonds in question will mature within one year. Bank of China (BOC) will be the lead underwriter, while Bank of Communications will be co-lead underwriter.
Beijing-based China Cheng Xin International Credit Rating Co. (CCXI) has ranked the issuer's credit rating as AAA, while it has given the short-term bonds which will be issued a credit rating of A-1.