Bank of China issues 500 mln-euro bond in France

Bank of CHINA (BOC), one of CHINA's four biggest lenders, has issued a 500 million-euro Bond in France to be listed on Euronext, the eurozone's primary exchange.

Called the "Arc de Triomphe Bond," the euro-denominated Bond was issued by the BOC's Paris branch, according to the bank.

It said the move will raise funds to support economic and trade exchanges between Chinese and French companies and strengthen bilateral financial ties.

With a three-year maturity and fixed interest rates, the Bond has drawn both Chinese and French investors and was oversubscribed 3.5 times, according to the BOC.