Lianhe Global has assigned ‘BB-’ to Redco Properties Group Ltd.’s proposed 364-day USD green notes

HONG KONG, 7 April 2021 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BB-’ Issuance Credit Rating to the proposed 364-day senior unsecured USD green notes (“the USD notes”) to be issued by Redco Properties Group Ltd. (1622.HK) (“Redco”, ‘BB-’/Stable).

Redco intends to use the net proceeds from this offering for refinancing its existing indebtedness and in accordance with its sustainable finance framework.