Fitch Ratings has placed a BBB+(EXP) expected rating on China Everbright Bank's proposed long-term senior unsecured notes, according to a Tuesday release.
China Everbright Bank Hong Kong Branch will issue the notes under the parent's $6 billion medium-term note program.
The proposed notes will represent China Everbright Bank's obligations and are rated similarly to its long-term issuer default rating.
In turn, the bank's rating reflects a high likelihood of support from China if needed.
Future rating actions on China Everbright Bank would trigger similar movements in the proposed notes' rating.
Proceeds from the proposed notes will be channeled for repayment of offshore debts and general funding purposes.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。