HONG KONG, 6 January 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB-’ global scale Long-term Issuance Credit Rating to the proposed USD bonds (“the Bonds”) to be 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 working capital.