New Issue: Bank of China branch issues $300 million of floaters due 2026

By Mary-Katherine Stinson

Lexington, Ky., Nov. 17 – Bank of China Ltd., acting through its Sydney Branch, issued $300 million of floating-rate notes due Nov. 16, 2026 (A1//A), under its $40 billion medium term note program, according to a pricing supplement.

The notes priced at par and will bear interest at SOFR plus 60 basis points.

Bank of China Ltd., Singapore Branch, Bank of China (Hong Kong) Ltd., BOCI Asia Ltd., HSBC Ltd., ABCI Capital Ltd., Agricultural Bank of China Ltd. Hong Kong Branch, Agricultural Bank of China Ltd., Singapore Branch, Australia and New Zealand Banking Group Ltd., Bank of Communications Co., Ltd. Hong Kong Branch, Barclays, BNP Paribas, China Construction Bank (Asia) Corporation Ltd., China Construction Bank (Europe) SA, China Minsheng Banking Corp., Ltd., Hong Kong Branch, China Securities (International) Corporate Finance Co. Ltd., Citigroup Global Markets Ltd., CLSA Ltd., CMBC Securities Co. Ltd., CNCB (Hong Kong) Capital Ltd., Commonwealth Bank of Australia, DBS Bank Ltd., Guotai Junan Securities (Hong Kong) Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Industrial and Commercial Bank of China Ltd., Singapore Branch, Industrial and Commercial Bank of China (Macau) Ltd., Mizuho Securities Asia Ltd. and United Overseas Bank Ltd. were the bookrunners.

Proceeds will be used, directly or indirectly, to finance or refinance sustainability-linked loans as defined in the bank’s sustainability-linked loan funding framework. However, the bank noted that these notes are not sustainability-linked bonds or green bonds.

The bank provides banking services to individuals, enterprises and other clients.

Issuer:	Bank of China Ltd., Sydney Branch
Amount:	$300 million
Issue:	Senior notes, series 146, tranche 001
Maturity:	Nov. 16, 2026
Bookrunners:	Bank of China Ltd., Singapore Branch, Bank of China (Hong Kong) Ltd., BOCI Asia Ltd., HSBC Ltd., ABCI Capital Ltd., Agricultural Bank of China Ltd. Hong Kong Branch, Agricultural Bank of China Ltd., Singapore Branch, Australia and New Zealand Banking Group Ltd., Bank of Communications Co., Ltd. Hong Kong Branch, Barclays, BNP Paribas, China Construction Bank (Asia) Corporation Ltd., China Construction Bank (Europe) SA, China Minsheng Banking Corp., Ltd., Hong Kong Branch, China Securities (International) Corporate Finance Co. Ltd., Citigroup Global Markets Ltd., CLSA Ltd., CMBC Securities Co. Ltd., CNCB (Hong Kong) Capital Ltd., Commonwealth Bank of Australia, DBS Bank Ltd., Guotai Junan Securities (Hong Kong) Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Industrial and Commercial Bank of China Ltd., Singapore Branch, Industrial and Commercial Bank of China (Macau) Ltd., Mizuho Securities Asia Ltd. and United Overseas Bank Ltd.
Trustee:	Bank of New York Mellon, London Branch
Coupon:	SOFR plus 60 bps
Price:	Par
Yield:	SOFR plus 60 bps
Issue date:	Nov. 16
Listing date:	Nov. 17
Ratings:	Moody’s: A1
	Fitch: A
Distribution:	Regulation S
ISIN:	XS2718198463

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