Bank of China (3988.HKG;601988.SHA)(BOC) is promoting its first eurozone-listed, yuan-denominated bond in Luxembourg, with the proceeds to be retained in the local branch for daily operations, South China Morning Post reported. The mainland’s third-largest lender started marketing the notes at a yield of 3.7% Thursday morning, according to two bankers close to the deal. The bonds, the first to be listed in the eurozone by a Chinese firm, will be issued by BOC’s Luxembourg branch and carry a maturity of three years. In January, the bank sold US$400 million in three-year bonds in London at 3.45%.
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