...March 20, 2023 SINGAPORE (S&P Global Ratings) March 20, 2023--S&P Global Ratings today assigned its 'A' long-term issue rating to the fixed-rate notes that Bank of China Ltd.'s (BOC) Hong Kong branch proposes to issue. BOC will draw down the Chinese renminbi-denominated notes from its US$40 billion medium-term note (MTN) program. The issue rating is subject to our review of final terms and conditions. Investors can redeem the notes at par on maturity. The notes will constitute direct, general, unsubordinated, unconditional, and unsecured obligations of the issuer, Bank of China Ltd. (Hong Kong Branch). They will at all times rank equally with the branch's other present and future senior unsecured obligations, except for those preferred by law. The issuer intends to use the proceeds to fund eligible green projects as defined in BOC's Sustainability Series Bonds Management Statement. The rating on the notes reflects our long-term issuer credit rating on China-based BOC (A/Stable/A-1). We...
