Morgan & Morgan advised Bank of China Limited, Panama Branch, in connection with the issuance of US$500 million Floating Rate Notes.

Panama, April 8, 2025. Morgan & Morgan acted as legal counsel to Bank of China Limited, Panama Branch, in the issuance of US$500,000,000 Floating Rate Notes due 2028, under the U.S.$40,000,000,000 Medium Term Note Programme established and updated by Bank of China Limited (a joint stock company incorporated in the People’s Republic of China). The bank engages in the banking business in several countries, including Panama, where it has received a general banking license from the Superintendency of Banks of Panama. The Notes were offered in accordance with Regulation S of the Securities Act of 1933 of United States of America and the proceeds will be used for general corporate purposes.

The bank engages in the banking business in several countries, including Panama, where it has received a general banking license from the Superintendency of Banks of Panama. Fitch Ratings assigned the notes a final rating of ‘A’. The Bank of New York Mellon, London Branch, acted as Trustee and Paying Agent and The Bank of New York Mellon NA/SV, Luxembourg Branch, acted as Registrar and Transfer Agent. Application will be made for the listing of the Notes on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (“MOX”).

The Floating Notes were issued and subsequently settled through Euroclear Bank SA/NV and Clearstream Banking S.A., which are two of the largest international central securities depositaries (ICSDs) in the world.

Partner Ricardo Arias, and associate Ariana Linares, participated in this transaction.