Fitch rates Bank of China notes A

Fitch Ratings said it assigned an expected long-term A rating to Amipeace Ltd.’s planned notes. Amipeace’s sole purpose is to sell offshore debt for its parent Bank of China Group Investment Ltd., a wholly owned subsidiary of Bank of China Ltd. Fitch rates Bank of China A with a stable outlook.

“The rating is based on an unconditional and irrevocable guarantee provided by BOC through its Macau Branch. BOC, in turn, will fulfill all obligations should the branch be unable to do so,” Fitch said in a press release.

The various fixed-rate notes will be denominated in dollars.

The proceeds will be used for general corporate purposes.

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