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S&P assigns Bank of Communications bonds A-
Standard & Poor's said it assigned its A- long-term issue rating to an offshore issue of Chinese renminbi-denominated senior unsecured bonds by Bank of Communications Co. Ltd.
The agency said it also assigned its cnAA Greater China credit scale rating to the fixed-rate bonds.
The company issued the bonds in Hong Kong in two tranches: RMB 700 million at 2.98% due March 9, 2014 and RMB 300 million at 3.1% due March 9, 2015.
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