S&P rates China Minsheng notes BBB-

S&P said it assigned a BBB- rating to China Minsheng Banking Corp., Ltd., Hong Kong Branch’s planned green notes. The branch will sell the renminbi-denominated fixed-rate notes from its $5 billion medium-term note program.

“The rating on the senior notes reflects our long-term issuer credit rating on China Minsheng Banking Corp. Ltd. We view the creditworthiness of the bank's branches as equal to that of the bank,” S&P said in a press release.

The issuer intends to use the proceeds to finance and/or refinance eligible green assets or projects as set out in the bank's green bond framework.

The outlook is stable.

© 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.