Fitch rates Bank of China notes A

Fitch Ratings said it assigned an expected rating of A to Bank of China Ltd.’s (A/stable/bbb) proposed senior notes to be issued by its Macau, Singapore and Luxembourg branches under its US$40 billion medium-term note program.

The bank plans to issue various SOFR and fixed-rate notes denominated in U.S. dollars and euros. The notes from all the branches will be issued as green bonds, with net proceeds used to finance and/or refinance eligible green projects as defined in BOC's Sustainability Series Bonds Management Statement.

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