Fitch rates China Everbright notes BBB

Fitch Ratings said it assigned an expected BBB rating to China Everbright Bank Co. Ltd.'s planned long-term senior unsecured notes to be issued by China Everbright Bank Co., Ltd., Hong Kong Branch under its $5 billion medium-term note program. The issue amount and maturity structure will be finalized upon settlement.

The agency affirmed the bank’s BBB ratings on June 10, 2022, and reviewed them on Oct. 13 and took no action.

The proceeds will be used to support the Hong Kong Branch's general funding needs.

The outlook is stable.

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