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Bank of China Issues 3 Billion Yuan 'Lion City Bond' in Singapore

Bank of China Issues 3 Billion Yuan 'Lion City Bond' in Singapore

Bank of China issues 3 billion yuan 'Lion City Bond' in Singapore. The best immigration news is available on the Worldway Immigration official website.

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    Immigrate to Singapore Focus on Singapore: According to news from the Bank of China on February 25, its Singapore branch successfully issued 3 billion yuan in 'Lion City Bonds,' becoming the largest RMB bond issuance in the Singapore market, which will be listed on the Singapore Exchange.

 

Bank of China Issues 3 Billion Yuan 'Lion City Bond' in Singapore

 

The 'Lion City Bonds' issued by the Bank of China were oversubscribed by 2.96 times. The final pricing for the two-year bond was 3.30%, and the five-year bond was 4.0%. The geographical distribution of investors was 52% from Singapore, 25% from other parts of Asia, and 23% from Europe.

This is the third RMB bond issued by the Bank of China since it launched its $10 billion medium-term note program last December. Moody's Investors Service and Fitch Ratings have assigned A1 and A ratings to the note program, respectively. Previously, the Bank of China had issued 2 billion yuan in 'Formosa Bonds' in Taiwan and 2.5 billion yuan in offshore RMB bonds in London.

Investment involves risks, the above information is for reference only

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