Bank Of East Asia issues US$3bn Medium Term Note programme

The programme is aimed to achieve greater flexibility and diversity in the lender’s asset and liability management.

The Bank of East Asia Ltd. Monday said it has established a program which could allow it to issue up to US$3 billion worth of medium-term notes.

The Hong Kong-based lender said in a statement the note-issue program would enable it "to achieve greater flexibility and diversity in asset and liability management" in the medium and long term.

HSBC will be the sole arranger of any issuance, while HSBC, Citigroup and Deutsche Bank will act as dealers under the program, it said in a report in Fox Business.