Lianhe Global has assigned ‘BBB+’ global scale Long-term Issuance Credit Rating to Qingdao Jiaozhou Bay Development Group Co., Ltd.’s proposed USD Bonds

HONG KONG, 28 May 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 USD 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 refinancing existing offshore debts in accordance with the Green Finance Framework.