Moody’s gives China Construction green bonds A1

Moody's Investors Service said it assigned an A1 rating to the proposed three-year euro-denominated floating-rate senior unsecured green bond to be issued by China Construction Bank Corp., Luxembourg Branch and three-year dollar-denominated floating-rate senior unsecured sustainability bond to be issued by China Construction Bank Corp., Hong Kong Branch.

The bonds will be issued under China Construction Bank’s $15 billion medium-term note program.

The outlooks are stable.

“The bonds' A1 rating and stable outlook are in line with CCB's long-term deposit rating and outlook, and reflect the structure of the proposed issuances,” the agency said in a news release.

“The senior unsecured bonds will constitute a direct, general, unsubordinated, unconditional and unsecured obligation of the issuers.”

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