Fitch rates Bank of China notes A

Fitch Ratings said it assigned an expected rating of A to Bank of China Ltd.’s proposed senior unsecured notes to be issued under its $40 billion medium-term note program.

The bank plans to sell yuan-denominated fixed-rate notes through its Macau branch and dollar-denominated fixed- or floating-rate notes through its Paris branch.

These notes are being issued as blue bonds, with proceeds used to finance and, or refinance marine-related eligible green projects as defined in BOC’s sustainability series bonds management statement.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.