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

HONG KONG (S&P Global Ratings) March 1, 2018--S&P Global Ratings today assigned its 'A' long-term issue rating to the proposed U.S. dollar-denominated senior unsecured bonds to be issued by Bank of China (Hong Kong) Ltd. The notes are to be issued pursuant to the US$30 billion medium-term notes (MTN) program by Bank of China Ltd. (BOC; A/Stable/A-1). The rating on the notes reflects the structure of the proposed issuance and is in line with our issuer credit ratings on BOC. These notes 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. BOC is headquartered in Beijing. It reported assets of

...HONG KONG (S&P Global Ratings) March 1, 2018--S&P Global Ratings today assigned its 'A' long-term issue rating to the proposed U.S. dollar-denominated senior unsecured bonds to be issued by Bank of China (Hong Kong) Ltd. The notes are to be issued pursuant to the US$30 billion medium-term notes (MTN) program by Bank of China Ltd. (BOC; A/Stable/A-1). The rating on the notes reflects the structure of the proposed issuance and is in line with our issuer credit ratings on BOC. These notes 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. BOC is headquartered in Beijing. It reported assets of Chinese renminbi 19.4 trillion as of Sept. 30, 2017. RELATED CRITERIA + Criteria - Financial Institutions - General: Risk-Adjusted Capital Framework Methodology, July 20, 2017 + General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April...

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