Moody’s rates Bank of China notes A1

Moody's Investors Service said it gave an A1 rating to the proposed dollar-denominated three-year fixed-rate senior unsecured green notes to be issued by Bank of China Ltd. Frankfurt Branch. The notes will be issued under Bank of China Ltd.'s $40 billion medium-term note program.

“The assigned rating is in line with BOC's senior unsecured MTN program rating, reflecting the structure of the issuance,” Moody’s said in a press release.

The proceeds will be used to finance and/or refinance eligible green projects.

The outlook is stable.

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