Bank of China U.S.A. Marks Two-Year Milestone for Subscription Financing FacilityPress Releases
New York, NY (January 15, 2021) – Bank of China U.S.A. (BOC U.S.A.) today announced the 2-year milestone for its Subscription Financing facility, which launched in January 2019. Over the past two years, the bank has dedicated more than USD $1billion to this product, offered by its branch in Manhattan, New York.
BOC U.S.A.’s Subscription Finance facility offers loans, in the form of a revolving line of credit, that allow fund managers to finance expenditures at short notice, which are repaid by drawdowns from investors.
Since launching the facility in 2019 to meet the developing needs of private equity funds and other financial institutions, BOC U.S.A. has supported the products by establishing relationships with leading global investment managers such as Blackstone.
About Bank of China
BOC U.S.A. is one of the largest banks in the world, with a footprint that spans over 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets business lines.