Published on 9/30/2021 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.
New Issue: Bank of China Macau prices RMB 1 billion two-year notes at par to yield 2¾%
By William Gullotti
Buffalo, N.Y., Sept. 30 – Bank of China Ltd., Macau Branch priced RMB 1 billion of 2¾% two-year notes (A1/A/A) at par, according to an offering circular on Thursday.
The notes are issued under the $40 billion medium-term note program of Bank of China Ltd. and guaranteed by Bank of China.
The joint global coordinators, joint lead managers and joint bookrunners are Bank of China, Crédit Agricole CIB, HSBC, BNP Paribas, Bank of Communications, China Everbright Bank Hong Kong Branch, Citigroup, CLSA, Mizuho Securities, Shanghai Pudong Development Bank Hong Kong Branch, SPDB International and Standard Chartered Bank.
Proceeds will be used to finance and/or refinance biodiversity related eligible green projects.
Listings for the Regulation S notes are expected on the Hong Kong Exchange as well as Chongwa (Macao) Financial Asset Exchange Co., Ltd. effective Sept. 30.
The issuer is the Macau Branch of the Beijing-based bank.
| Issuer: | Bank of China Ltd., Macau Branch
|
| Guarantor: | Bank of China Ltd.
|
| Issue: | Notes
|
| Amount: | RMB 1 billion
|
| Maturity: | Sept. 29, 2023
|
| Bookrunners: | Bank of China, Crédit Agricole CIB, HSBC, BNP Paribas, Bank of Communications, China Everbright Bank Hong Kong Branch, Citigroup, CLSA, Mizuho Securities, Shanghai Pudong Development Bank Hong Kong Branch, SPDB International and Standard Chartered Bank
|
| Trustee: | Bank of New York Mellon, London Branch
|
| Counsel to issuer: | Linklaters (English), JunZeJun Law Offices (China)
|
| Counsel to bookrunners: | Allen & Overy (English), Jingtian & Gongcheng (China)
|
| Coupon: | 2¾%
|
| Price: | Par
|
| Yield: | 2¾%
|
| Pricing date: | Sept. 23
|
| Issue date: | Sept. 29
|
| Listing date: | Sept. 30
|
| Ratings: | Moody’s: A1
|
| S&P: A
|
| Fitch: A
|
| Distribution: | Regulation S
|
| ISIN: | HK0000777810
|
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