Bank of China Ltd.'s Proposed MTN Drawdowns By Various Branches Assigned 'A' Ratings

HONG KONG (S&P Global Ratings) May 31, 2018--S&P Global Ratings today assigned its 'A' long-term issue ratings to the proposed drawdowns by Bank of China Ltd. Hong Kong Branch and Bank of China Ltd. London Branch. The notes are a part of Bank of China Ltd.'s (BOC) US$40 billion medium-term note (MTN) program. The issue ratings are subject to our review of the final issuance documentation. The ratings on the notes reflect the structure of the proposed issuances and are in line with our issuer credit rating on BOC (A/Stable/A-1). 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

...HONG KONG (S&P Global Ratings) May 31, 2018--S&P Global Ratings today assigned its 'A' long-term issue ratings to the proposed drawdowns by Bank of China Ltd. Hong Kong Branch and Bank of China Ltd. London Branch. The notes are a part of Bank of China Ltd.'s (BOC) US$40 billion medium-term note (MTN) program. The issue ratings are subject to our review of the final issuance documentation. The ratings on the notes reflect the structure of the proposed issuances and are in line with our issuer credit rating on BOC (A/Stable/A-1). 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 19.5 trillion as of Dec. 31, 2017. BOC intends to use the notes proceeds for inclusive finance, micro-lending and green projects-related lending. RELATED CRITERIA + Criteria - Financial Institutions - General: Risk-Adjusted Capital Framework...

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