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Moody's assigns Bank of China MTNs A1
Moody's Investors Service said it assigned an A1 rating to the planned dollar-denominated three-year fixed-rate senior unsecured notes to be issued by Bank of China Ltd. Dubai Branch. The notes will be issued under the bank’s $40 billion medium-term note program.
“The assigned rating is in line with BOC's senior unsecured MTN program rating, reflecting the structure of the issuance,” Moody’s said in a press release.
The proceeds will be used for general corporate purposes.
The outlook is stable.
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