Bank of China Ltd.'s Proposed Drawdowns By Overseas Branches Under Its US$40 Billion MTN Program Assigned 'A' Ratings - S&P Global Ratings’ Credit Research

Bank of China Ltd.'s Proposed Drawdowns By Overseas Branches Under Its US$40 Billion MTN Program Assigned 'A' Ratings

Bank of China Ltd.'s Proposed Drawdowns By Overseas Branches Under Its US$40 Billion MTN Program Assigned 'A' Ratings - S&P Global Ratings’ Credit Research
Bank of China Ltd.'s Proposed Drawdowns By Overseas Branches Under Its US$40 Billion MTN Program Assigned 'A' Ratings
Published Nov 12, 2018
3 pages (1320 words) — Published Nov 12, 2018
Price US$ 150.00  |  Buy this Report Now

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Abstract:

HONG KONG (S&P Global Ratings) Nov. 13, 2018—S&P Global Rating today assigned its 'A' long-term issue ratings to drawdowns under the US$40 billion medium-term note (MTN) program by Bank of China Ltd. (BOC; A/Stable/A-1). The proposed senior notes will be issued by BOC Hong Kong Branch and BOC Macau Branch respectively. The notes issued by the Hong Kong branch will be denominated in Chinese renminbi (RMB) and Hong Kong dollar (HK$), and those by the Macau branch will be denominated in Macau patacas (MOP) and U.S. dollars. The ratings assigned are subject to our review of the final issuance documentation. We have equalized the issue ratings on the senior notes with the issuer credit ratings on BOC. We consider the

  
Brief Excerpt:

...HONG KONG (S&P Global Ratings) Nov. 13, 2018--S&P Global Rating today assigned its 'A' long-term issue ratings to drawdowns under the US$40 billion medium-term note (MTN) program by Bank of China Ltd. (BOC; A/Stable/A-1). The proposed senior notes will be issued by BOC Hong Kong Branch and BOC Macau Branch respectively. The notes issued by the Hong Kong branch will be denominated in Chinese renminbi (RMB) and Hong Kong dollar (HK$), and those by the Macau branch will be denominated in Macau patacas (MOP) and U.S. dollars. The ratings assigned are subject to our review of the final issuance documentation. We have equalized the issue ratings on the senior notes with the issuer credit ratings on BOC. We consider the creditworthiness of the bank's Hong Kong and Macau branches to be the same as that of the bank, according to our criteria. The senior notes will be direct, general, unsecured, unconditional, and unsubordinated obligations of the issuer which will at all times rank pari passu (equally)...

  
Report Type:

Ratings Action

Ticker
19880@HK
Issuer
Bank of China Ltd. (Hong Kong Branch)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Hong Kong
Region
Emerging Markets
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bank of China Ltd.'s Proposed Drawdowns By Overseas Branches Under Its US$40 Billion MTN Program Assigned 'A' Ratings" Nov 12, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-China-Ltd-s-Proposed-Drawdowns-By-Overseas-Branches-Under-Its-US-40-Billion-MTN-Program-Assigned-A-Ratings-2128597>
  
APA:
S&P Global Ratings’ Credit Research. (). Bank of China Ltd.'s Proposed Drawdowns By Overseas Branches Under Its US$40 Billion MTN Program Assigned 'A' Ratings Nov 12, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-China-Ltd-s-Proposed-Drawdowns-By-Overseas-Branches-Under-Its-US-40-Billion-MTN-Program-Assigned-A-Ratings-2128597>
  
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