HONG KONG, 14 May 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB-’ global scale Long-term Issuance Credit Rating to the USD300 million, 1.5% senior unsecured convertible bonds due 2030 (“the Bonds”) issued by China Hongqiao Group Limited (1378.HK) (“China Hongqiao”; ‘BBB-/Stable’).
China Hongqiao intends to use the net proceeds from this offering for refinancing of existing indebtedness and general corporate purposes.