Bank of China’s Dubai Branch, which holds ratings of A1 (Negative) from Moody’s and A (Stable) from both S&P and Fitch, has launched marketing for a three-year US dollar senior bond, with initial price guidance set around SOFR plus 100 basis points.
The Reg S senior unsecured floating-rate notes are expected to carry the same rating as the issuer.
Bank of China, ABC International, Bank of Communications, China Citic Bank, China Construction Bank, China Securities International, Citigroup, China Merchants Bank, Credit Agricole, Emirates NBD Capital, Guotai Junan International, Huatai International, Hua Xia Bank Hong Kong Branch, ICBC, Mizuho and Societe Generale are acting as joint global coordinators, lead managers and bookrunners for the transaction.
The notes are planned to be listed on both the Hong Kong Stock Exchange and NASDAQ Dubai.
