New Issue: Bank of China, Frankfurt Branch prices $500 million 3 1/8% notes due 2025 at 99.861

By William Gullotti

Buffalo, N.Y., June 17 – Bank of China Ltd. Frankfurt Branch priced $500 million of 3 1/8% notes due 2025 (A1/A/A), according to a listing notice with an appended offering circular on Friday.

The Regulation S notes are issued from Bank of China Ltd.’s $40 billion medium-term note program.

Bank of China (Europe) SA, Bank of China (Hong Kong) Ltd., BOCI Asia Ltd., ABCI Capital Ltd., Agricultural Bank of China Ltd., Hong Kong Branch, Banco Santander, SA, Bank of Communications Co., Ltd., Hong Kong Branch, BNP Paribas, CCB International Capital Ltd., China Construction Bank (Asia) Corp., Ltd., China Securities (International) Corporate Finance Co., Ltd., Citigroup Global Markets Ltd., CLSA Ltd., CMB Wing Lung Bank Ltd., CNCB (Hong Kong) Capital Ltd., Crédit Agricole CIB, Deutsche Bank AG, Hong Kong Branch, HSBC Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Industrial Bank Co., Ltd., Hong Kong Branch, Mizuho Securities Asia Ltd., Natixis, SinoPac Securities (Asia) Ltd., SMBC Nikko Securities (Hong Kong) Ltd. and Standard Chartered Bank AG are listed as managers for the offering.

Proceeds will be used to finance and/or refinance eligible green projects.

Listing for the notes is expected on the Hong Kong Exchange effective June 17. Application will also be made to list the notes on the Frankfurt Stock Exchange via the China Europe International Exchange.

The lender is based in Beijing.

Issuer:	Bank of China Ltd., Frankfurt Branch
Amount:	$500 million
Issue:	Notes
Maturity:	June 16, 2025
Managers:	Bank of China (Europe) SA, Bank of China (Hong Kong) Ltd., BOCI Asia Ltd., ABCI Capital Ltd., Agricultural Bank of China Ltd., Hong Kong Branch, Banco Santander, SA, Bank of Communications Co., Ltd., Hong Kong Branch, BNP Paribas, CCB International Capital Ltd., China Construction Bank (Asia) Corp., Ltd., China Securities (International) Corporate Finance Co., Ltd., Citigroup Global Markets Ltd., CLSA Ltd., CMB Wing Lung Bank Ltd., CNCB (Hong Kong) Capital Ltd., Credit Agricole CIB, Deutsche Bank AG, Hong Kong Branch, HSBC Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Industrial Bank Co., Ltd., Hong Kong Branch, Mizuho Securities Asia Ltd., Natixis, SinoPac Securities (Asia) Ltd., SMBC Nikko Securities (Hong Kong) Ltd. and Standard Chartered Bank AG
Trustee:	Bank of New York Mellon, London Branch
Counsel to issuer:	Linklaters (England), JunZeJun Law Offices (China)
Counsel to underwriters:	Allen & Overy (England), Jingtian & Gongcheng (China)
Coupon:	3 1/8%
Price:	99.861
Pricing date:	June 9
Issue date:	June 16
Listing date:	June 17
Ratings:	Moody’s: A1
	S&P: A
	Fitch: A
Distribution:	Regulation S
ISIN:	XS2484016642

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