HONG KONG, 12 April 2024 – 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 bonds (“the Bonds”) to be issued by Lunan (Zaozhuang) Economic Development Investment Co., Ltd.’s (“LEDI”; ‘BBB/Stable’) wholly-owned offshore subsidiary, which is unconditionally and irrevocably guaranteed by LEDI.
LEDI intends to use the net proceeds from this offering for project construction and supplement of working capital.