China’s Bank of Communications listed a tranche from its Medium Term Note programme on the Luxembourg Stock Exchange (LuxSE)

LUXEMBOURG, 25-8-2015 — /EuropaWire/ — On 21 August 2015, Bank of Communications, via its special purpose vehicle Azure Orbit II, listed a tranche from its Medium Term Note programme on the Luxembourg Stock Exchange (LuxSE).

This is the first Luxembourg listing by Bank of Communications and comes just three months after the bank opened an office in Luxembourg to serve as its European hub.

The notes listed in Luxembourg are floating rate guaranteed notes for an issue amount of EUR 100 million and are part of the USD 10 billion Medium Term Note programme of Bank of Communications. They were listed and admitted to trading to the EURO MTF market of LuxSE.

The notes (XS1272164440) mature in 2018 and pay a quarterly coupon of 1.15% above the three-month EURIBOR floating rate.

The Luxembourg office of Bank of Communications will be paying agent, transfer agent, calculation agent and registrar for the listing. Lead Managers for the issue were Bank of Communications Hong Kong Branch, Bank of Communications International, ANZ, HSBC and Standard Chartered Bank.

With its headquarters in Shanghai, Bank of Communications is one of China’s oldest and is ranked nineteenth among the global top 1,000 banks in terms of Tier 1 Capital. The bank is one of the major financial services providers in China.

 

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SOURCE: Société de la Bourse de Luxembourg S.A.