Bank of China completes issuance of loss-absorbing bonds

Bank of China announced the completion of its 2025 Total Loss-absorbing Capacity Eligible Non-capital Bonds (Series 1) (Bond Connect) on July 10, 2025. The issuance size was RMB50 billion with a coupon rate of 1.75%. These four-year fixed-rate bonds aim to bolster the bank's total loss-absorbing capacity.

The bonds were approved by shareholders on February 26, 2024, and obtained necessary regulatory approvals. The net proceeds will be used to enhance the bank's financial resilience, in line with applicable laws and authorities' approval.