...February 17, 2022 SINGAPORE (S&P Global Ratings) Feb. 17, 2022--S&P Global Ratings today assigned its 'A' long-term issue rating to a proposed notes issuance by Bank of China Ltd.'s Hong Kong Branch. The U.S. dollar-denominated fixed rate notes will draw down from the US$40 billion medium-term note (MTN) program of Bank of China Ltd. (A/Stable/A-1). The issue rating is subject to our review of the final issuance documentation. The notes are redeemable at par on maturity. They will constitute direct, general, unsubordinated, unconditional, and unsecured obligations of the issuer. They will at all times rank equally with the issuer's other present and future senior unsecured obligations, except for those preferred by law. The issuer intends to use the proceeds for general corporate purposes. The rating on the notes reflects our issuer credit rating on Bank of China Ltd. We view the creditworthiness of bank's branches as equal to that of the bank....
