New Issue: China’s Bank of Communications sells $1.15 billion notes due 2023, 2025

By Taylor Fox

New York, Sept. 10 – Bank of Communications Co., Ltd. Hong Kong Branch sold $350 million floating-rate notes due 2023 and $800 million 1.2% notes due 2025, according to a notice.

Bank of Communications Hong Kong Branch, Agricultural Bank of China Ltd., Credit Agricole and HSBC are joint global coordinators, as well as joint lead managers and joint bookrunners alongside ABC International, Bank of China, Bank of East Asia, Ltd., Bocom International, Cathay United Bank, China Everbright Bank Hong Kong Branch, China Securities International, Commerzbank, Commonwealth Bank of Australia, CTBC Bank, ICBC Singapore and Standard Chartered Bank.

Bank of Communications is based in Shanghai.

Issuer:	Bank of Communications Co., Ltd. Hong Kong Branch
Issue:	Notes
Amount:	$1.15 billion
Bookrunners:	Bank of Communications Hong Kong Branch, Agricultural Bank of China Ltd., Credit Agricole, HSBC, ABC International, Bank of China, Bank of East Asia, Ltd., Bocom International, Cathay United Bank, China Everbright Bank Hong Kong Branch, China Securities International, Commerzbank, Commonwealth Bank of Australia, CTBC Bank, ICBC Singapore and Standard Chartered Bank
Pricing date:	Sept. 3
Listing date:	Sept. 11
2023 notes
Amount:	$350 million
Maturity:	2023
Coupon:	Floating rate
2025 notes
Amount:	$800 million
Maturity:	2025
Coupon:	1.2%

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