Published on 4/18/2019 in the Prospect News Emerging Markets Daily.
New Issue: Bank of China lists seven additional series of notes issued by four branches
By Wendy Van Sickle
Columbus, Ohio, April 18 – Bank of China Ltd. was expected to receive listings on the Hong Kong Exchange on Thursday for several series of notes, according to four notices filed with the exchange.
Bank of China Ltd., Hong Kong Branch applied for listings for its HK$6 billion of 2.45% notes due 2021; $550 million of 3 1/8% notes due 2024; and $300 million of 3 5/8% notes due 2029.
The joint lead managers for the Hong Kong dollar tranche were Bank of China, Citigroup, Bank of Communications, Commonwealth Bank of Australia, ICBC, Nomura and Wells Fargo Securities.
The joint lead managers for the U.S.-dollar tranches were Bank of China, Citigroup, Credit Agricole, Mizuho Securities, China Construction Bank (Asia), ICBC, J.P. Morgan, MUFG, Scotiabank and UBS.
Bank of China Ltd., Luxembourg Branch applied to list $500 million of floating-rate notes due 2022.
Bank of China, Citigroup, Credit Agricole, CIB, Mizuho Securities, Bank of America, Merrill Lynch, Commerzbank and ING were the joint lead managers for this deal.
Bank of China, Ltd., Macau Branch applied to list RMB 2.5 billion of 3.1% notes due 2020 and RMB 2 billion of 3.3% notes due 2022.
Bank of China, Citigroup, China Citic Bank International, China Construction Bank (Asia), China Everbright Bank, Hong Kong Branch, Credit Agricole, DBS Bank Ltd., HSBC, KGI Asia and Standard Chartered Bank were the joint lead managers.
Bank of China, Ltd., Sydney Branch applied to list A$600 million of floating-rate notes due 2022.
Bank of China, Citigroup, ANZ, Commonwealth Bank of Australia and Macquarie were the joint lead managers.
The deals were issued under the bank’s $40 billion medium-term note program, along with €500 million ˝% three-year notes priced by Bank of China Ltd.’s Zweigniederlassung Frankfurt am Main Frankfurt Branch.
Proceeds are earmarked for general corporate purposes.
The Beijing-based bank launched the $40 billion MTN program on April 9.
| Issuer: | Bank of China Ltd.
|
| Issue: | Senior notes
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| Distribution: | Regulation S
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| Hong Kong branch 2021 notes
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| Amount: | HK$6 billion
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| Coupon: | 2.45%
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| Maturity: | 2021
|
| Bookrunners: | Bank of China, Citigroup, Bank of Communications, Commonwealth Bank of Australia, ICBC, Nomura and Wells Fargo Securities
|
|
|
| Hong Kong 2024 notes
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| Amount: | $550 million
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| Coupon: | 3 1/8%
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| Maturity: | 2024
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| Bookrunners: | Bank of China, Citigroup, Credit Agricole, Mizuho Securities, China Construction Bank (Asia), ICBC, J.P. Morgan, MUFG, Scotiabank and UBS
|
|
|
| Hong Kong 2029 notes
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| Amount: | $300 million
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| Coupon: | 3 5/8%
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| Maturity: | 2029
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| Bookrunners: | Bank of China, Citigroup, Credit Agricole, Mizuho Securities, China Construction Bank (Asia), ICBC, J.P. Morgan, MUFG, Scotiabank and UBS
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|
|
| Luxembourg branch
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| Amount: | $500 million
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| Coupon: | Floating
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| Maturity: | 2022
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| Bookrunners: | Bank of China, Citigroup, Credit Agricole CIB, Mizuho Securities, Bank of America, Merrill Lynch, Commerzbank and ING
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|
|
| Macau branch series 1
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| Amount: | RMB 2.5 billion
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| Coupon: | 3.1%
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| Maturity: | 2020
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| Bookrunners: | Bank of China, Citigroup, China Citic Bank International, China Construction Bank (Asia), China Everbright Bank, Hong Kong Branch, Credit Agricole CIB, DBS Bank Ltd., HSBC, KGI Asia and Standard Chartered Bank
|
|
|
| Macau branch series 2
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| Amount: | RMB 2 billion
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| Coupon: | 3.3%
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| Maturity: | 2022
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| Bookrunners: | Bank of China, Citigroup, China Citic Bank International, China Construction Bank (Asia), China Everbright Bank, Hong Kong Branch, Credit Agricole CIB, DBS Bank Ltd., HSBC, KGI Asia and Standard Chartered Bank
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|
| Sydney branch
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| Amount: | A$600 million
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| Coupon: | Floating
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| Maturity: | 2022
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| Bookrunners: | Bank of China, Citigroup, ANZ, Commonwealth Bank of Australia and Macquarie
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