HONG KONG, 1 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 CNY250 million, 7.8% senior unsecured CNY bonds due 2026 (“the Bonds”) issued by Xiao County Construction Investment Group Co., Ltd. (“XCCIG”; ‘BBB-/Stable’).
XCCIG intends to use the net proceeds from this offering for project construction and replenishing working capital.