China Bohai Bank's MTN Program Rated 'BBB-/A-3';  Proposed Drawdown Assigned 'BBB-' Rating - S&P Global Ratings’ Credit Research

China Bohai Bank's MTN Program Rated 'BBB-/A-3'; Proposed Drawdown Assigned 'BBB-' Rating

China Bohai Bank's MTN Program Rated 'BBB-/A-3';  Proposed Drawdown Assigned 'BBB-' Rating - S&P Global Ratings’ Credit Research
China Bohai Bank's MTN Program Rated 'BBB-/A-3'; Proposed Drawdown Assigned 'BBB-' Rating
Published Nov 03, 2021
3 pages (1454 words) — Published Nov 03, 2021
Price US$ 150.00  |  Buy this Report Now

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Abstract:

SINGAPORE (S&P Global Ratings) Nov. 03, 2021--S&P Global Ratings today assigned its 'BBB-' long-term and 'A-3' short-term issue ratings to the US$2 billion medium-term note (MTN) program by China Bohai Bank Co. Ltd. (CBHB; BBB-/Stable/A-3). At the same time, we assigned our 'BBB-' long-term issue rating to the senior unsecured fixed-rate notes that CBHB's Hong Kong branch proposes to issue under the program. The rating on the U.S. dollar notes is subject to our review of the final issuance documentation. The ratings on the MTN program and the notes reflect our long-term issuer credit ratings on CBHB. We view the creditworthiness of the Hong Kong branch as equal to that of the bank. Notes under the program may be issued

  
Brief Excerpt:

...November 3, 2021 SINGAPORE (S&P Global Ratings) Nov. 03, 2021--S&P Global Ratings today assigned its '###-' long-term and 'A-3' short-term issue ratings to the US$2 billion medium-term note (MTN) program by China Bohai Bank Co. Ltd. (CBHB; ###-/Stable/A-3). At the same time, we assigned our '###-' long-term issue rating to the senior unsecured fixed-rate notes that CBHB's Hong Kong branch proposes to issue under the program. The rating on the U.S. dollar notes is subject to our review of the final issuance documentation. The ratings on the MTN program and the notes reflect our long-term issuer credit ratings on CBHB. We view the creditworthiness of the Hong Kong branch as equal to that of the bank. Notes under the program may be issued by CBHB or its Hong Kong branch. They can be of any currency and maturity, within applicable legal or regulatory limits. Unless otherwise specified in the pricing supplement, the proceeds will be used by the issuer for general corporate purposes. The ratings...

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers
Country
Region
Emerging Markets
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MLA:
S&P Global Ratings’ Credit Research. "China Bohai Bank's MTN Program Rated 'BBB-/A-3'; Proposed Drawdown Assigned 'BBB-' Rating" Nov 03, 2021. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/China-Bohai-Bank-s-MTN-Program-Rated-BBB-A-3-Proposed-Drawdown-Assigned-BBB-Rating-2748963>
  
APA:
S&P Global Ratings’ Credit Research. (). China Bohai Bank's MTN Program Rated 'BBB-/A-3'; Proposed Drawdown Assigned 'BBB-' Rating Nov 03, 2021. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/China-Bohai-Bank-s-MTN-Program-Rated-BBB-A-3-Proposed-Drawdown-Assigned-BBB-Rating-2748963>
  
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