Bank of China Hong Kong issues $300m floating rate and HK$1.5bn fixed rate notes

The Bank of China Limited, Hong Kong Branch, has issued $300,000,000 Floating Rate Notes due 2028 and HK$1,500,000,000 2.85% Fixed Rate Notes due 2027 as part of its $40,000,000,000 Medium Term Note Programme. The Floating Rate Notes will have an interest basis of Compounded SOFR + 0.41% per annum, while the Fixed Rate Notes will bear interest at 2.85% per annum. Both series are senior obligations and will be redeemed at par.

The issue price for both the Floating Rate Notes and the Fixed Rate Notes is 100.00% of their aggregate nominal amount, with net proceeds of approximately $299.692 million and HK$1,498.2 million respectively, to be used for general corporate purposes. Both tranches are expected to be listed on the Hong Kong Stock Exchange on December 12, 2025, for professional investors only.

The issuance was approved by the board on April 29, 2025, and by shareholders on June 27, 2025. Moody's, S&P, and Fitch have assigned ratings of "A1," "A," and "A" respectively to the Notes.