New Issue: Bank of China (Hong Kong) prices $1.6 billion 5.55% 10-year notes to yield 5.604%

By Paul A. Harris

St. Louis, Feb. 4 - Bank of China (Hong Kong) Ltd. priced a $1.6 billion issue of 5.55% 10-year notes (A1/A-/) at a 200 basis points spread over Treasuries on Thursday, according to a market source.

The spread printed on top of the price talk.

The notes came at a reoffer price of 99.591 to yield 5.604%.

BOCI Asia, Deutsche Bank and UBS managed the sale.

Issuer:	Bank of China (Hong Kong) Ltd.
Amount:	$1.6 billion
Maturity:	Feb. 11, 2020
Bookrunners:	BOCI Asia, Deutsche Bank, UBS
Coupon:	5.55%
Price:	99.591
Yield:	5.604%
Spread:	200 bps over Treasuries
Trade date:	Feb. 4
Ratings:	Moody's: A1
	Standard & Poor's: A-
Distribution:	Rule 144A/Regulation S
Price talk:	Treasuries plus 200 bps

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