Moody’s rates Bank of China, Luxembourg notes A1

Moody's Investors Service said it assigned A1 ratings to Bank of China Ltd., Luxembourg Branch's proposed dollar- and euro-denominated senior unsecured notes.

The outlook is negative.

The notes are being issued under Bank of China's $20 billion medium-term note program.

Proceeds will be used to fund new and existing projects and support businesses with environmental benefits in alignment with the green bond principles, 2016.

Moody’s said the A1 senior unsecured debt rating for the notes is in line with Bank of China's long-term deposit rating and reflects the structure of the proposed issuance.

The senior unsecured notes will constitute direct, general, unsubordinated, unconditional, and unsecured obligations of the issuer. They will be redeemable at principal on maturity.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.