HONG KONG, 24 November 2023 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to the USD112.28 million, 8% senior unsecured Notes due 2026 (“the Notes”) issued by Heze City Investment Holdings International Co., Limited, an indirect wholly-owned subsidiary of Heze City Investment Holdings Group Co., Ltd. (“HZCI”; ‘BBB’/Stable). The Notes are unconditionally and irrevocably guaranteed by HZCI.
HZCI intends to use the net proceeds from this offering for project construction and replenishing of working capital.