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PrintShanxi Province - based Chinese steelmaker Taigang Stainless Steel Co a subsidiary of Taiyuan Iron and Steel (Group) Co, announced that it received a registration approval notice from China's National Association of Financial market Institutional Investors on December 31st 2012 concerning its planned issue of short term bonds.
Accordingly, the registered value of the short - term bonds to be issued by the company is RMB 9 billion (USD 1.43 billion). The approval notice will be valid for two years from the date of issue of the notice, ie December 31, 2012, and the short term bonds can be issued in phases in the period in question.
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