Bank of China redeems write-down undated capital bonds

Bank of China (HKEX:3988) announced today the redemption of its write-down undated capital bonds. The bonds, amounting to RMB40 billion, were originally issued on April 28, 2020. The redemption, effective as of today, follows approval from the National Financial Regulatory Administration. According to the terms of the bond prospectus, the issuer retained the right to redeem the bonds at the fifth anniversary of issuance, which falls on April 30, 2025. The announcement was made by the Bank's Board of Directors and is dated May 6, 2025.