Bank of China Group Investment Ltd.'s Proposed MTN Drawdown Assigned 'A' Rating

HONG KONG (S&P Global Ratings) Oct. 15, 2020--S&P Global Ratings today assigned its 'A' long-term issue rating to proposed fixed-rate U.S.-dollar-denominated senior unsecured drawdowns under Amipeace Ltd.'s HK$20 billion medium-term note (MTN) program. Amipeace is a special-purpose company of Bank of China Group Investment Ltd., which is wholly owned by Bank of China Ltd. (BOC; A/Stable/A-1). The issue rating is subject to our review of the final issuance documentation. BOC's Macau branch unconditionally and irrevocably guarantees the notes. The guarantee constitutes direct, unconditional, unsubordinated, general, and unsecured obligations of the branch. The notes will at all times rank at least equally with all other outstanding unsecured or unsubordinated public external indebtedness of the branch, except for any statutory preference or

...October 15, 2020 HONG KONG (S&P Global Ratings) Oct. 15, 2020--S&P Global Ratings today assigned its 'A' long-term issue rating to proposed fixed-rate U.S.-dollar-denominated senior unsecured drawdowns under Amipeace Ltd.'s HK$20 billion medium-term note (MTN) program. Amipeace is a special-purpose company of Bank of China Group Investment Ltd., which is wholly owned by Bank of China Ltd. (BOC; A/Stable/A-1). The issue rating is subject to our review of the final issuance documentation. BOC's Macau branch unconditionally and irrevocably guarantees the notes. The guarantee constitutes direct, unconditional, unsubordinated, general, and unsecured obligations of the branch. The notes will at all times rank at least equally with all other outstanding unsecured or unsubordinated public external indebtedness of the branch, except for any statutory preference or priority applicable in the winding-up of the branch. The issue rating on the proposed notes has been equalized with the long-term issuer...

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