Shougang Group Co., Ltd. plans to issue 1.5 billion yuan of ultra-short-term financing bonds with a term of 45 days, and the raised funds are intended to be used to repay interest-bearing debts. As of the date of signing of the Prospectus, the issuer and its subsidiaries have a total balance of RMB 84.63537 billion of bonds to be repaid, including 1.75 billion yuan of ultra-short-term financing bonds, 4.1 billion yuan of medium-term notes, 1.38 billion yuan of corporate bonds, 3.2 billion yuan of corporate bonds, 0.85 billion yuan of renewable corporate bonds and 0.63537 billion yuan of CMBS; and 50 million US dollars of bonds to be repaid.
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