Jul. 5, 2012 (China Knowledge) - Wuhan Iron and Steel (Group) Corp or WISCO, one of the leading iron and steel makers in China, will issue RMB 4.5 billion in unsecured bills with a maturity of 365 days on the interbank market on Jul. 10, sources reported.

The company said that the bills will be issued at the face value, and the coupon rate will be determined in the process of book-building.

Both value date and payment due date will be Jul. 11, and the to-be-issued bills are tradable on Jul. 12.

China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.

China Development Bank has been assigned as lead underwriter and book-runner for the bill offering.

In a separate statement, the steel maker said that it plans to issue RMB 3 billion in three-year medium-term notes on Jul. 10. Industrial and Commercial Bank of China<601398><1398> will be lead underwriter and book-runner for the offering, and Shanghai Pudong Development Bank<600000> will be joint lead underwriter.