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Bank of China launches new $40 billion medium-term note program
By William Gullotti
Buffalo, N.Y., April 14 – Bank of China Ltd. is listing a $40 billion medium-term note program (A1/A/A), according to an offering circular published by the Hong Kong Exchanges and Clearing Ltd. and the Stock Exchange of Hong Kong Ltd. on Thursday.
The bank is acting as its own arranger and dealer for the Regulation S program.
Bank of New York Mellon, London Branch is the trustee.
Allen & Overy and Jingtian & Gongcheng will advise the bank in its capacity as arranger and dealer.
Linklaters and JunZeJun Law Offices will advise the bank in its capacity as issuer.
The program took effect April 13 and will be effective for 12 months.
Bank of China is one of the largest state-owned commercial banks in China.
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