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Reportedly, China's Shanxi Taigang Stainless Steel Co. Ltd. (Taigang) announced that it will issue RMB 2.5 billion of unsecured bills with a maturity of 365 days on the interbank market on February 18th. According to Taigang, the bills will be issued at face value and the coupon yield will be determined in the process of book building. Both value and payment will be due on Feb 19, and the bills are tradable from Feb 20. Dagong Global Credit Rating Co. Ltd. rated Taigang and bills AAA and A-1 respectively. |