Updated: BOC sells landmark Greater Bay Area bond

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By Morgan Davis
14 Nov 2018

Bank of China returned to the bond market with a multi-tranche, multi-currency bond this week, making clear that its funding needs and its role as a flag-bearer of Chinese policy overseas are inextricably linked. Morgan Davis reports.

The Hong Kong-listed transaction, which raised the equivalent of about $1.827bn on Tuesday, was labelled a ‘Greater Bay Area bond’, as proceeds will be used for projects in the Guangdong, Hong Kong and Macau area. The Guangdong province is home to nine Chinese cities, including Shenzhen, that are ...

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