Bank of China issues S$500m bond

SINGAPORE -- The Bank of China's (BOC) Singapore branch has successfully issued a S$500 million ($373 million) senior unsecured bond that will be listed on the Singapore Exchange (SGX).

BOC said on Thursday the benchmark sized four-year bond saw strong investor interest and was priced at 2.75 percent.

The bank also launched a 5 billion yuan (S$1.08 billion) bond that will also list on the SGX to commemorate Singapore's 50 years of independence.

Guo Ningning, general manager of BOC Singapore Branch, said the two bond issues "demonstrates Bank of China's utmost commitment to supporting the development of Singapore as a leading offshore renminbi center."