HONG KONG, 14 August 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 Shandong Xintai Construction Group Co., Ltd.’s (“SXCG”; ‘BBB-/Stable’) wholly-owned offshore subsidiary, Grande Horizons International Co., Ltd., which is unconditionally and irrevocably guaranteed by SXCG.
SXCG intends to use the net proceeds from this offering for project construction and supplement of working capital.