HONG KONG, 28 March 2024 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to the CNY271 million, 7.5% senior unsecured Bonds due 2026 (“the Bonds”) issued by Hubei Guanggudong State-Owned Capital Investment and Operation Group Co., Ltd. (“GGDSI”; ‘BBB’/Stable).
GGDSI intends to use the net proceeds from this offering for project development and replenishment of working capital.