Bank of China Hong Kong tenders for $2.5 billion notes due 2020

By Susanna Moon

Chicago, Aug. 30 – Bank of China (Hong Kong) Ltd. said it is tendering for its $2.5 billion of 5.55% subordinated notes due 2020 until 5 p.m. ET on Sept. 11.

Pricing will be set on Sept 11.

Holders also will receive accrued interest up to but excluding Sept. 14.

The tender is conditioned on the company having priced a concurrent issue of dollar-denominated undated non-cumulative subordinated additional tier 1 capital securities under its $15 billion medium-term notes program with enough proceeds to fund the offer, according to the announcement.

Citigroup Global Markets Ltd. (+852 2501 2693, +44 20 7986 9000, 212 723-6106, fax +44 20 7986 1842 or liabilitymanagement.asia@citi.com) and Goldman Sachs (Asia) LLC (+852 2978 2519, +44 20 7051 9460, 212 902-8015, fax +852 2978 0440 or aej_syndicate@gs.com) are the dealer managers. D.F. King Ltd. (+44 20 7920 9700, +852 3953 7231, 212 269-5550, bochk@dfkingltd.com or https://sites.dfkingltd.com/bochk/) is the information and tender agent.

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