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Moody's: Bank of China (New Zealand) to set up note program

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Moody's: Bank of China (New Zealand) to set up note program

Bank of China (New Zealand) Ltd. plans to establish a US$500 million medium-term note program, Moody's said Oct. 12.

The medium-term note program is comprised of a retail medium-term program and a wholesale debt issuance program.

Bank of China (New Zealand) is a unit of Bank of China Ltd.