HONG KONG, 19 June 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 Sustainability Bonds (“the Bonds”) to be issued by Qingdao Jiaozhou Bay Development Group Co., Ltd. (“JZBD”; ‘BBB+/Stable’).
JZBD intends to use the net proceeds from this offering for construction of projects and replenishing working capital in accordance with the Sustainable Finance Framework.