HONG KONG, 19 February 2019 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BB+’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured USD bonds (“the USD bonds”) to be issued by Logan Property Holdings Company Limited (“Logan”; ‘BB+’/Stable).
Logan intends to use the net proceeds from the USD bonds primarily for refinancing its existing indebtedness.