HONG KONG, 21 January 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, says Chengdu Dongjin Huaitou Ronghe Industry Investment Co., Ltd.’s (“CDHRI”, ‘BBB-/Stable’) tap issuance of its USD17.6 million on its USD50.5 million 7.6% senior unsecured USD bonds due 2028 (“the Bonds”) will not affect the ‘BBB-’ rating on the Bonds.
The tap issuance will carry the same terms and conditions as the existing Bonds. The Bonds are rated at the same level as CDHRI’s global scale Long-term Issuer Credit Rating (“LTICR”) of ‘BBB-’ as they constitute direct, unsubordinated, unconditional and unsecured obligations of CDHRI.