Lianhe Global has assigned ‘BB-’ to Redsun Properties Group Limited’s Proposed USD Notes

HONG KONG, 13 January 2020 – 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 notes (“the USD notes”) to be issued by Redsun Properties Group Limited (“Redsun”; ‘BB-’/Stable).

Redsun intends to use the net proceeds from the USD notes primarily for refinancing its existing indebtedness and for general corporate purposes.