trending Market Intelligence /marketintelligence/en/news-insights/trending/I5rWDkampt-P2sot-QFpuw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Angang Steel issuing 10B yuan in asset-backed securities

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Angang Steel issuing 10B yuan in asset-backed securities

Angang Steel Co. Ltd. said March 18 that it intends to issue asset-backed securities of up to 10 billion yuan to eligible investors in a bid to reduce capital costs and tap idle bills assets.

The offering will be divided into 20 tranches, with a maximum of 1.05 billion yuan in the first tranche. The maturity date for each tranche shall not exceed two years, while the interest rate will be determined based on market conditions.

Shanghai Haitong Asset Management Co. Ltd. will act as project manager, while Haitong Securities Co. Ltd. and Everbright Securities Co. Ltd. will serve as distribution agencies.

As of March 15, US$1 was equivalent to 6.71 yuan.