S&P Rates China Cinda (202) I Management's Proposed Offshore Renminbi Notes BBB+

MT Newswires Live
06-18

S&P Global Ratings has given a BBB+ long-term issue rating to China Cinda (2020) I Management's proposed offshore renminbi fixed-rate notes, according to a Wednesday filing.

The China Cinda (HK) Holdings-owned special purpose company will issue the notes from its senior unsecured medium-term note program, which is being upsized to $7.4 billion from $5 billion.

The notes' rating aligns with the issuer credit rating of China Cinda (HK), which is the guarantor of issuances under the program, S&P said.

Obligations under the program will rank equally with all other unsecured and unsubordinated China Cinda (HK) obligations.

Proceeds from the drawdown will be used to pay existing debt.

S&P views China Cinda (HK) as a core subsidiary of China Cinda Asset Management (HKG:1359), with their ratings to move in parallel with each other.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10