Bank of China (Hong Kong) returns with $900 million tap

Bank of China (Hong Kong) has reopened its recently issued 10-year bond deal with a $900 million tap, bringing the total deal size to $2.5 billion.

Bank of China Hong Kong has returned to the Asian debt market with a $900 million tap of its existing 10-year 5.5% lower tier-2 subordinated bond that was launched and priced on February 4 this year.

The issue was the largest non-sovereign tap from Asia to date and increased the Reg-S144A bond to $2.5 billion from $1.6 billion.

The initial price guidance was announced mid-afternoon Monday Hong Kong time at 176bp to 181bp over the equivalent 10-year US...

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