Bank of China Dubai has priced a 2 billion yuan ($280 million) two-year fixed-rate Yulan bond at a final yield of 1.6%, down from an initial 2.1%, Zawya reported. The issuance size for the offering is capped at CNH 2 billion.
The senior unsecured notes will mature in two years and are being marketed under Regulation S. Proceeds from the bond sale will be allocated toward general corporate purposes, with settlement scheduled for October 23, 2026.
A syndicate of Chinese and international lenders is managing the transaction, including Bank of China, Agricultural Bank of China, Bank of Communications, China Construction Bank, China CITIC Bank, China International Capital Corporation, HSBC, ICBC, Mashreq, Mizuho, Societe Generale, and Standard Chartered Bank. HSBC is serving as bookrunner and dealer.
The bonds will be dual-listed on Nasdaq Dubai and the Hong Kong Stock Exchange. Issued under Bank of China Limited's $40 billion medium-term note programme, the notes are expected to carry credit ratings of A1/A/A, in line with the issuer's ratings.
Sources
- Zawya · 2026-10-15
