HONG KONG, 18 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 CNY Bonds (“the Bonds”) to be issued by Pingtan Comprehensive Pilot Zone City Development Group Co., Ltd. (“Pingtan CDG”; ‘BBB’/Stable).
Pingtan CDG intends to use the net proceeds from this offering for project construction and replenishment of working capital.