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Bank of China in US$3.55b multi-currency landmark deal

Bank says S$500m tranche is biggest-ever SGD senior unsecured bond issued by a commercial bank in Singapore

Published Thu, Jun 25, 2015 · 09:50 PM

Singapore

BANK of China (BOC) has sold a mega US$3.55 billion multi-currency, multi-location landmark bond which includes a S$500 million tranche.

Dubbed the "Silk Road" bond in honour of China's "One Belt, One Road" initiative, the deal involved four currencies - US dollar, euro, Singapore dollar (SGD) and renminbi - issued from four BOC branches (Abu Dhabi, Hong Kong, Hungary and Singapore) simultaneously.