HONG KONG, 3 June 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A-’ global scale Long-term Issuance Credit Rating to the proposed USD Guaranteed Bonds (“the Bonds”) to be issued by Taixing Jinjiang Investment Co., Ltd. (“TXJJ”). The Bonds are unconditionally and irrevocably guaranteed by Taizhou Chemical New Materials Industry Development Group Co., Ltd. (“TCNMI”, ‘A-/Stable’), which indirectly holds 100% shares of TXJJ.
TXJJ intends to use the net proceeds from this offering for refinancing its exsisting offshore bonds.