Bank of China Ltd. Hong Kong Branch's Proposed MTN Drawdown Assigned 'A' Rating

HONG KONG (S&P Global Ratings) July 3, 2017--S&P Global Ratings today assigned its 'A' long-term issue rating and 'cnAA+' long-term Greater China rational scale rating to the U.S. dollar senior unsecured notes that Bank of China Ltd. (BOC), Hong Kong Branch proposes to issue. The notes are a drawdown from BOC's US$30 billion medium-term note program. The ratings on the notes reflect the structure of the proposed issuance and are in line with the issuer credit ratings on BOC. The notes will have a tenor of more than one year, pay fixed or floating coupons, and will be redeemable at par on maturity. The notes will constitute direct, general, unsubordinated, unconditional, and unsecured obligations of BOC and will at all

...HONG KONG (S&P Global Ratings) July 3, 2017--S&P Global Ratings today assigned its 'A' long-term issue rating and 'cnAA+' long-term Greater China rational scale rating to the U.S. dollar senior unsecured notes that Bank of China Ltd. (BOC), Hong Kong Branch proposes to issue. The notes are a drawdown from BOC's US$30 billion medium-term note program. The ratings on the notes reflect the structure of the proposed issuance and are in line with the issuer credit ratings on BOC. The notes will have a tenor of more than one year, pay fixed or floating coupons, and will be redeemable at par on maturity. The notes will constitute direct, general, unsubordinated, unconditional, and unsecured obligations of BOC and will at all times rank equally among themselves. Bank of China Ltd. is headquartered in Beijing. It reported assets of Chinese renminbi (RMB) 18.9 trillion as of March 31, 2017. RELATED CRITERIA + General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017...

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