Bank of China plans multi-currency notes offering in six tranches

By Rebecca Melvin

New York, April 9 – Bank of China Ltd. has selected banks and scheduled fixed-income investor calls for a multi-currency, multi-tranche offering of notes in one-year and 10-year maturities structured as floating- and/or fixed-rate senior notes, according to a company announcement.

The Regulation S-only notes will be denominated in U.S. dollars, euros, Australian dollars, Chinese yuan and Hong Kong dollars.

Calls with Asia Pacific and European investors commenced on Tuesday.

Acting through its Luxembourg Branch, Bank of China has mandated Bank of China, Citigroup, Credit Agricole CIB, Mizuho Securities, BofA Merrill Lynch, Commerzbank and ING as joint lead managers and joint bookrunners for its proposed U.S. dollar three-year floating-rate and/or fixed-rate benchmark senior notes offering.

The Bank of China Ltd., Hong Kong Branch has mandated Bank of China, Citigroup, Credit Agricole, Mizuho Securities, China Construction Bank (Asia), ICBC, JPMorgan, MUFG, Scotiabank and UBS as joint lead managers and joint bookrunners for its proposed U.S. dollar five-year floating-rate and/or fixed-rate and 10-year fixed-rate benchmark senior notes offering.

Bank of China’s Zweigniederlassung Frankfurt am Main Frankfurt Branch has mandated Bank of China, Citigroup, BNP Paribas, Commerzbank, Deutsche Bank, LBBW and UniCredit as joint lead managers and joint bookrunners for its proposed euro three-year fixed-rate benchmark senior notes offering.

Bank of China Ltd., acting through its Sydney Branch, has mandated Bank of China, Citigroup, ANZ, Commonwealth Bank of Australia and Macquarie Bank Ltd. as joint lead managers and joint bookrunners for its proposed Australian dollar denominated 3.5-year floating-rate benchmark senior notes offering.

Bank of China Ltd., Macau Branch has mandated Bank of China, Citigroup, China Citic Bank International, China Construction Bank (Asia), Credit Agricole, DBS Bank Ltd., HSBC, KGI Asia and Standard Chartered Bank as joint lead managers and joint bookrunners for its proposed yuan-denominated one-year fixed-rate and three-year fixed-rate benchmark senior notes offering.

Bank of China Ltd., Hong Kong Branch has mandated Bank of China, Citigroup, Bank of Communications, Commonwealth Bank of Australia, ICBC, Nomura and Wells Fargo Securities as joint lead managers and joint bookrunners for its proposed Hong Kong dollar two-year fixed-rate benchmark senior notes offering.

The Beijing-based bank launched the $40 billion MTN program on April 9.

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