Bank of China (Djibouti) debuts in MTNs

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By Frank Jackman
26 Jun 2020

Bank of China sold its first ever bond out of its Djibouti branch on Monday, as Chinese issuers pour into capital markets to make up for time lost to the coronavirus pandemic.

Bank of China (Djibouti) printed a $20m June 2023 floating rate note on Monday. The bond pays a coupon of three month Libor plus 85bp. Bank of China and Crédit Agricole priced the deal at par.

“Many of the big Chinese banks fund independently in each ...

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