New Issue: Bank of China sells $900 million 5.55% notes add-on due 2020 at Treasuries plus 176 bps

By Christine Van Dusen

Atlanta, April 12 - Bank of China (Hong Kong) Ltd. priced a $900 million add-on to its 5.55% tier 2 notes (A1/BBB+/A-) due Feb. 11, 2020 at 99.521 to yield 5.613%, or Treasuries plus 176 basis points, according to a market source.

BOC International, Deutsche Bank and UBS AG were the bookrunners for the Rule 144A deal.

Bank of China is a commercial banking group based in Hong Kong.

Issuer:	Bank of China (Hong Kong) Ltd.
Amount:	$900 million
Maturity:	Feb. 11, 2020
Security description:	Tier 2 notes
Bookrunners:	BOC International, Deutsche Bank, UBS AG
Coupon:	5.55%
Price:	99.521
Yield:	5.613%
Spread:	Treasuries plus 176 bps
Trade date:	April 12
Settlement date:	April 19
Ratings:	Moody's: A1
	Standard & Poor's: BBB+
	Fitch: A-
Distribution:	Rule 144A

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