Anshan Steel Pays Bond Principal After Clearing House Alert

Anshan Iron & Steel Group Co. has paid the principal on its 5 billion yuan ($794 million) bond due today, the nation’s official bond-clearing house said.

Chinabond had said on its website that it was yet to receive the payment from Anshan Iron & Steel as of this morning, reported, citing a notice posted to the clearing house’s website. That notice couldn’t be found on Chinabond’s website after Anshan Iron & Steel’s announcement was posted.

Cao Jincheng, a public relations official for Angang Group, declined to comment.

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