Bank of China completes tier-2 capital bonds issuance

Bank of China (HKEX:3988) announced the completion of its issuance of tier-2 capital bonds on May 26, 2025. The offering, approved by shareholders on June 30, 2023, involved RMB50 billion in write-down tier-2 capital bonds issued in the domestic interbank bond market on May 22, 2025. These bonds, with a term of 10 years, carry a fixed coupon rate of 1.93% and include a redemption right for the issuer at the end of the fifth year. The funds raised from the issuance will be used to replenish the Bank's tier-2 capital, aligning with applicable laws and regulatory approvals.