HONG KONG, 7 December2023 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB+’ global scale Long-term Issuance Credit Rating to the CNY1,560 million, 4.8% senior unsecured bonds due 2026 (“the Bonds”) issued by Chengdu Xiangcheng Investment Group Co., Ltd. (“CXIG”; ‘BBB+/Stable’).
CXIG intends to use the net proceeds from this offering for refinancing of the medium to long-term offshore bonds due within one year of the date of the NDRC Certificate.