Fitch assigns Bank of China notes A

Fitch Ratings said it assigned an expected rating of A to Bank of China Ltd.’s proposed senior unsecured notes to be issued under its $40 billion medium-term note program. The bank plans to issue various fixed- and floating-rate notes denominated in dollars through its Bank of China Ltd., Hong Kong branch as well as fixed-rate notes in euros through its wholly owned subsidiary, Bank of China Ltd., Luxembourg branch.

The proposed notes from both branches will be traded on the Hong Kong Stock Exchange. The notes from the Luxembourg branch will also trade on the Euro MTF market on the Luxembourg Stock Exchange.

The proceeds will be used for general corporate purposes.

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