HONG KONG, 22 November 2022 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A-’ global scale Long-term Issuance Credit Rating to the senior unsecured USD notes (“the USD notes”) to be issued by Zhongyuan Asset Management Co., Ltd. (“Zhongyuan AMC”; ‘A-’/Stable)’s indirect wholly-owned subsidiary, Zhongyuan Dayu International (BVI) Co., Ltd., which is unconditionally and irrevocably guaranteed by Zhongyuan AMC.
Zhongyuan AMC intends to use the net proceeds from this offering for refinancing its existing indebtedness.