BOC goes global with a $1.83b multi-currency bond

Bank of China raised over $1.8 billion on November 13 through a four currency, five tranche deal to support the development of the Greater Bay Area GBA in southern China.

Touted by President Xi Jinping as a rival to Silicon Valley in the US, the GBA is the Chinese government's scheme to link the cities of Hong Kong and Macau with nine neighbouring Chinese cities into an integrated economic and business hub.

Home to 68 million people, the area had a GDP of $1.3 trillion in 2016 according to data from a KPMG report in September last year, only just behind the Greater Tokyo...