HONG KONG, 30 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 senior unsecured bonds (“the Bonds”) to be issued by Qingdao Development Zone Investment and Construction Group Co., Ltd. (“QDZIC”; ‘BBB/Stable’).
QDZIC intends to use the net proceeds from this offering for refinancing offshore debt, project construction and supplement of working capital.