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

HONG KONG (S&P Global Ratings) Feb. 26, 2018--S&P Global Ratings today assigned its 'A' long-term issue rating to the proposed one-year and three-year Chinese yuan-denominated senior unsecured notes that Bank of China Ltd. (Macau Branch) will issue. The notes are a part of Bank of China Ltd.'s (BOC) US$30 billion medium-term note (MTN) program. The rating on the notes reflects the structure of the proposed issuance and is in line with our issuer credit ratings on BOC (A/Stable/A-1). These notes will be redeemable at par on maturity. They will constitute direct, general, unsubordinated, unconditional, and unsecured obligations of BOC and will at all times rank equally among themselves. RELATED CRITERIA Criteria - Financial Institutions - General: Risk-Adjusted Capital Framework Methodology,

...HONG KONG (S&P Global Ratings) Feb. 26, 2018--S&P Global Ratings today assigned its 'A' long-term issue rating to the proposed one-year and three-year Chinese yuan-denominated senior unsecured notes that Bank of China Ltd. (Macau Branch) will issue. The notes are a part of Bank of China Ltd.'s (BOC) US$30 billion medium-term note (MTN) program. The rating on the notes reflects the structure of the proposed issuance and is in line with our issuer credit ratings on BOC (A/Stable/A-1). These notes will be redeemable at par on maturity. They will constitute direct, general, unsubordinated, unconditional, and unsecured obligations of BOC and will at all times rank equally among themselves. 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 7, 2017 + General Criteria: Guarantee Criteria, Oct. 21, 2016 + General Criteria: Rating Government-Related...

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