Bocom Leasing Management Hong Kong Company Limited $3 Billion MTN Program And Proposed $1.5 Billion Drawdown Rated 'A-'

HONG KONG (S&P Global Ratings) Jan. 7, 2019--S&P Global Ratings assigned its 'A-' long-term and 'A-2' short-term local- and foreign-currency program ratings to the US$3 billion medium-term note (MTN) program by Bocom Leasing Management Hong Kong Company Limited. At the same time, we assigned our 'A-' long-term foreign currency issue rating to the proposed US$1.5 billion senior unsecured notes drawn from the program. The rating on the proposed drawdown is subject to our review of the final issuance documentation. The ratings on the program and proposed issue reflect the credit ratings on the issuer. The notes issued constitute direct, unconditional, unsubordinated and unsecured obligations of the issuer and at all times rank equally among themselves. The issuer intends to use

...HONG KONG (S&P Global Ratings) Jan. 7, 2019--S&P Global Ratings assigned its 'A-' long-term and 'A-2' short-term local- and foreign-currency program ratings to the US$3 billion medium-term note (MTN) program by Bocom Leasing Management Hong Kong Company Limited. At the same time, we assigned our 'A-' long-term foreign currency issue rating to the proposed US$1.5 billion senior unsecured notes drawn from the program. The rating on the proposed drawdown is subject to our review of the final issuance documentation. The ratings on the program and proposed issue reflect the credit ratings on the issuer. The notes issued constitute direct, unconditional, unsubordinated and unsecured obligations of the issuer and at all times rank equally among themselves. The issuer intends to use the proceeds for general corporate purposes, including overseas business expansion. The issuer is a core subsidiary of Bank of Communications Financial Leasing Co. Ltd., which is in turn a core subsidiary to Bank of...

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