BOC Hong Kong to offer $750m US notes

They will carry an interest rate of 3.75% and have a five-year maturity period from its issue date of 8 November 2011.

In an announcement Bank of China (Hong Kong) said it proposes to carry out the first drawdown under the Programme to offer and issue US$750 million in aggregate principal amount of the First Drawdown Notes to professional and institutional investors in transactions exempt from the registration requirements under the Securities Act.

According to the bank, there will be no public offering of the First Drawdown Notes in Hong Kong or the United States.

BOCHK has appointed BOC International, Deutsche Bank and Citigroup as the Dealers for the first drawdown of the Notes. On 31 October 2011, BOCHK entered into the Subscription Agreement with the Dealers after the pricing of the First Drawdown Notes.

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