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Fitch: Bank of China's Macau branch issues medium-term notes

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Fitch: Bank of China's Macau branch issues medium-term notes

Bank of China Ltd.'s Macau branch issued senior unsecured notes under its US$40 billion medium-term note program, Fitch Ratings said Oct. 11.

The Macau branch issued 2 billion yuan of 3.15% notes due 2021, US$350 million floating-rate notes due 2022 and €300 million zero percent notes due 2021.

The bank will use the issuance's proceeds for general corporate purposes.

As of Oct. 11, US$1 was equivalent to 7.09 Chinese yuan.