HONG KONG, 26 March 2025 – 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 Transition 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 the Bonds issuance to refinance its existing medium to long-term offshore debts in accordance with its Transition Finance Framework.