Fitch gives China Construction Bank bonds BBB+

Fitch Ratings said it has assigned China Construction Bank's (A/stable) Basel III-compliant tier 2 subordinated bonds a final rating of BBB+.

The bonds are the bank's first offshore Basel III-compliant notes and constitute direct, unsecured and subordinated obligations of the bank, the agency said.

The size of the issue is 2 billion yuan with a coupon rate of 4.9%.

Fitch said that the notes have been listed on the Hong Kong Stock Exchange.

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