Fitch rates Hengjian bonds A+

Fitch Ratings said it assigned Guangdong Hengjian Investment Holding Co., Ltd.’s proposed dollar-denominated senior unsecured offshore bond a rating of A+.

The proposed bonds will be sold by Hengjian International Investment Ltd., a wholly owned subsidiary of Guangdong Hengjian. The parent, which Fitch rates A+, will guarantee the proposed bonds, which will rank pari passu with all its other unsubordinated obligations.

Proceeds will be used for refinancing offshore debt.

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