Bank of China completes redemption of offshore preference shares
Bank of China (HKEX:3988) announced the completion of the redemption of its U.S.$2,820,000,000 3.60 per cent. non-cumulative perpetual offshore preference shares (Stock Code: 4619) on March 4, 2025. The redemption was carried out in accordance with the terms and conditions of the offshore preference shares, following approval from the National Financial Regulatory Administration. The redemption price was the aggregate of the U.S. Dollar Par Value plus any declared but unpaid Dividends. With all offshore preference shares now redeemed and cancelled, the Bank has applied for the withdrawal of their listing from the Stock Exchange of Hong Kong Limited, effective after 4:00 pm (Beijing/Hong Kong time) on March 5, 2025.
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