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Prospect News home > News index > List of issuers B > Headlines for Bank of China Ltd. Dubai Branch > News item |
Fitch assigns Bank of China MTNs A
Fitch Ratings said it assigned an A rating to Bank of China Ltd. Dubai Branch’s planned dollar-denominated fixed rate senior unsecured notes. The notes will be a drawdown from the bank’s $40 billion medium-term note program.
“BOC's Dubai branch is part of the same legal entity as BOC. Therefore, the proposed notes will represent BOC's direct, unconditional, unsecured and unsubordinated obligations, and are rated in line with its long-term issuer default rating (IDR),” Fitch said in a press release.
The proceeds will be used for general corporate purposes.
The outlook is stable.
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