Shandong Province-based Chinese plate producer Shandong Kerui Steel Plate Co., Ltd has announced that it plans to issue short-term bonds worth a total value of RMB 400 million ($66.18 million) on January 20, for a term of 365 days. This will be the company's first short-term bond issue in 2014. Bank of China Limited will be the lead underwriter for the bond issue.
Dagong Global Credit Rating Co. has given the short-term bonds which will be issued a rating of A-1, while it has ranked the issuer's credit rating as AA-.