Published on 2/22/2022 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.
New Issue: Bank of China prices HK$2 billion 1.33% notes due 2024
Chicago, Feb. 22 – Bank of China (Hong Kong) Ltd. sold HK$2 billion of 1.33% senior notes due 2024 (Aa3) at par, according to a pricing supplement.
Listing is on the Hong Kong Stock Exchange.
Managers for the Regulation S notes are Bank of China (Hong Kong) Ltd., Bank of China Ltd., BOCI Asia Ltd., Credit Agricole CIB, Agricultural Bank of China Ltd. Hong Kong Branch, Australia and New Zealand Banking Group Ltd., Bocom International Securities Ltd., CEB International Capital Corp. Ltd., China Construction Bank (Asia) Corp. Ltd., China Construction Bank (Europe) SA, China Everbright Bank Co., Ltd., Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Chiyu Banking Corp. Ltd., Citigroup Global Markets Ltd., CLSA Ltd., CMB Wing Lung Bank Ltd., ICBC International Securities Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Industrial Bank Co., Ltd. Hong Kong Branch, J.P. Morgan Securities (Asia Pacific) Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch and Bank of East Asia, Ltd.
Proceeds will be used for financing or refinancing low-carbon infrastructure related eligible projects that foster sustainable and smart living in the renewable energy and green buildings sectors.
Based in Beijing, the commercial bank has branches in mainland China, Hong Kong and Singapore.
Issuer: | Bank of China (Hong Kong) Ltd.
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Amount: | HK$2 billion
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Issue: | Senior notes
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Maturity: | Feb. 17, 2024
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Bookrunners: | Bank of China (Hong Kong) Ltd., Bank of China Ltd., BOCI Asia Ltd., Credit Agricole CIB, Agricultural Bank of China Ltd. Hong Kong Branch, Australia and New Zealand Banking Group Ltd., Bocom International Securities Ltd., CEB International Capital Corp. Ltd., China Construction Bank (Asia) Corp. Ltd., China Construction Bank (Europe) SA, China Everbright Bank Co., Ltd., Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Chiyu Banking Corp. Ltd., Citigroup Global Markets Ltd., CLSA Ltd., CMB Wing Lung Bank Ltd., ICBC International Securities Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Industrial Bank Co., Ltd. Hong Kong Branch, J.P. Morgan Securities (Asia Pacific) Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch and Bank of East Asia, Ltd.
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Trustee: | Citicorp International Ltd.
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Counsel to issuer: | Clifford Chance
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Counsel to bookrunners: | Linklaters
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Coupon: | 1.33%
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Price: | Par
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Yield: | 1.33%
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Call features: | No call
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Puts: | No puts
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Trade date: | Feb. 10
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Settlement date: | Feb. 17
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Rating: | Moody’s: Aa3
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ISIN: | HK0000814258
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