HONG KONG, 20 October 2023 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB+’ global scale Long-term Issuance Credit Rating to the senior unsecured USD bonds (“the Bonds”) to be issued by Fujian Zhanglong Group Co., Ltd. (“Zhanglong Group”; ‘BBB+’/Stable).
Zhanglong Group intends to use the net proceeds from the issue of the Bonds for financing or refinancing of Zhanglong Group’s eligible blue projects in accordance with the Green and Blue Finance Framework.