HONG KONG, 18 February 2019 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BB’ global scale Long-term Issuance Credit Rating to the proposed senior unsecured USD bonds (“the USD bonds”) to be issued by Yuzhou Properties Company Limited (“Yuzhou”; ‘BB’/Stable).
Yuzhou intends to use the net proceeds from the USD bonds primarily for refinancing its existing indebtedness.