BONDS: Bank Of China Rmb25bn 15yNC10 Arrives At Low-end
Hong Kong listed Bank of China has set the coupon for its Rmb24.93bn (US$3.56bn) 15-year non - call 10 fixed-rate subordinated bond at 4.68%, the low-end of the indications between 4.68% and 4.88%. The result actually cut through the secondary levels as BoC’s outstanding Rmb24bn 4% 15-year non-call 10 due July 2024 was quoted at 4.86% priced to the 10-year call in the secondary market.
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