SHANGHAI, April 5 China's Anshan Iron and Steel
Group has signed a debt-to-equity swap agreement with Industrial
Bank that covers 10 billion yuan ($1.45 billion) in
total, the official Xinhua news agency said on Wednesday.
Since China's policymakers re-launched the debt-for-equity
scheme at the end of last year to ease the borrowing overhang of
its struggling firms, the country's banks have pledged to sign
deals with state-owned enterprises to ease their burden.
($1 = 6.8990 Chinese yuan renminbi)
(Reporting by Beijing Monitoring Desk and Engen Tham in
Shanghai; Editing by Muralikumar Anantharaman)