China's Bank of Communications unit rolls out $1 billion MTN program

By Marisa Wong

Madison, Wis., April 14 - Azure Orbit II International Finance Ltd. launched a $1 billion medium-term note program on Friday, according to a notice.

The notes are guaranteed by Bank of Communications Co., Ltd., Macau Branch.

UBS and Standard Chartered Bank (Hong Kong) Ltd. are the arrangers and, along with Standard Chartered Bank, dealers.

Listing of the program on the Stock Exchange of Hong Kong Ltd. is expected to become effective on Tuesday.

Bank of Communications is based in Shanghai.

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