Shougang dim sum

Anchor investors give lifeline to Shougang dim sum bond

Rivals speculate that Shougang Corp's dim sum bonds were not widely distributed and suffered weak take-up from institutional investors.

<div style="text-align: left;"> Chinese workers labour in front of a furnace at one of Shougang's plants in Beijing (AFP) </div>

Denise Wee

November 25, 2011

Chinese state-owned steel company Shougang Corp priced a Rmb1 billion ($157 million) two-year dim sum bond at 4.875% on Thursday.

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