Macau based Universal Bank Agricultural Bank of China Ltd [Macau] has finalised a private placement in the USD Floating Rate Poon Choi Medium Term Note market. The financing matures in 2026 and was executed by a single dealer.
A Poon Choi bond is an HKD-denominated bond issued by a non-Hong-Kongese entity in the Hong-Kongese Foreign Bond market.
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| Issuer Details | |
| Issuer | Agricultural Bank of China Ltd [Macau] |
| LEI | 549300E7TSGLCOVSY746 |
| Industry | Bank - Diversified |
| Country | Macau |
| Issuer Description | The Bank of China Macau Branch (“BOC Macau”), the largest bank and financial institute in terms of banking coverage and business scope in Macau, is a local mainstream bank. With 28 sub-branches and more than 1,000 employees, BOC Macau’s mainstream banking services boast one third of the market share in Macau. Acting as one of the two Macau’s note-issuing banks and the Public Cashier Bank, BOC Macau is also the chairman of the Macau Association of Banks (ABM), the designated clearing bank for HK Dollars bills, US Dollar bills and Renminbi, a member of Macau SAR Economic Council, AMCM Advisory Council and CPTTM, the deputy chairman of Bank Association and Chinese Enterprise Association, the chairman of Chinese Commerce Chamber Fiscal Board. |
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| Trade Details | |
| Security Type | MTN |
| Amount | USD [Login to see full details] |
| Total Amount including taps | USD [Login to see full details] |
| Total Amount Outstanding | USD [Login to see full details] |
| Total Order Book | USD [Login to see full details] |
| Structure | Floating Rate |
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| It came at a spread of [Login to see full details] in the Poon Choi bond market. | |
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A Poon Choi bond is an HKD-denominated bond issued by a non-Hong-Kongese entity in the Hong-Kongese Foreign Bond market.
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