"Bank of China Limited Launches Dual-Currency Notes to Support Science and Technology Innovation in Macau"

"A&O Shearman advised on Bank of China Limited, Macau Branch's issuance of RMB- and USD-denominated notes, totaling CNY2.5 billion and USD600 million, under its USD40 billion Medium Term Note Program. The notes, listed on the Chongwa (Macao) Financial Asset Exchange, are certified as Macau Science and Technology Innovation Bonds and will finance the development of the science and technology sector. The team was led by partner Agnes Tsang."

A&O Shearman advised the joint global coordinators, joint lead managers, and joint bookrunners on Bank of China Limited, Macau Branch’s recent transaction. The transaction involved a Regulation S dual-currency, dual-tranche issuance of RMB- and USD-denominated notes under Bank of China’s USD40 billion Medium Term Note Program. The notes, which are listed on Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX), include CNY2.5 billion 1.90% notes due 2028 and USD600 million floating rate notes due 2028. This issuance is notable as it is the first MOX-certified issuance following the introduction of the MOX Macau Science and Technology Innovation Bond Certification Standards (Pilot Phase), with proceeds aimed at financing the development of the science and technology innovation sector. The A&O Shearman team was led by partner Agnes Tsang, with support from Jiayin Yu, Jenny Chau, and Eunice Wong.

"Bank of China Limited Launches Dual-Currency Notes to Support Science and Technology Innovation in Macau"

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