HONG KONG, 5 September 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 Tongcheng Economic Development Zone Construction Investment Group Co., Ltd. (“TEDZ”; ‘BBB-/Stable’).
TEDZ intends to use the net proceeds from this offering for project investment and supplement of working capital.