Bank of China sets Silk Road landmark

摘要

Bank of china underlined the scale of China's ambitions for what it bills as a "new Silk Road" last week with a US$4bn multi-currency bond offering to fund infrastructure projects linking Asia and Europe. It was the first public bond issue to fund the re-creation of the ancient trading route, which will require billions of dollars in the coming years. The offering also marks the first four-currency deal from Asia, reflecting the transcontinental nature of the projects. The state-owned bank sold notes in US dollars, euros, Singapore dollars and renminbi, raising funds through overseas branches that will lend to Silk Road projects.