Home MARKETS Currencies BOC bags Belt and Road blockbuster

BOC bags Belt and Road blockbuster

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Bank of China hit Asia’s debt market hard on Tuesday, unleashing a huge deal spanning four currencies and six tranches. The $3.1bn-equivalent deal was designed to make a statement to the market that it should not forget China’s Belt and Road initiative, DCM bankers said. Morgan Davis and Addison Gong report.

Announced on Monday and launched the following day, BOC sold a Rmb1.5bn ($217.41m) three year note, a $650m three year floating rate note, a $750m five year, a $300m 10 year, a €500m($530.1m) three year floater and a A$800m ($600.2m) five year floater via branches across four continents.

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