Fitch sees rating Bank of China notes A

Fitch Ratings said it gave an expected A rating to Bank of China Ltd. Sydney Branch’s planned senior unsecured note offering. The notes will be sold under the bank’s $40 billion medium-term note program.

The agency reviewed Bank of China’s ratings on Nov. 9 and took no action.

The proceeds will be used to finance or refinance sustainability-linked loans, as defined in the Bank of China sustainability-linked loan funding framework.

The outlook is stable.

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