Bank of Communications to redeem $2.8 bn in undated additional tier 1 bonds

Bank of Communications Co. Ltd. has announced the redemption of its U.S.$2,800,000,000 undated additional tier 1 capital bonds. The redemption will take place on November 18, 2025, designated as the first call date, at their principal amount along with accrued interest, excluding the first call date.

The issuer confirmed that it received the necessary prior written ruling from the National Financial Regulatory Administration on April 9, 2025, fulfilling the terms and conditions and redemption conditions. Following the redemption, all outstanding bonds will be withdrawn from listing on The Stock Exchange of Hong Kong Limited.

This announcement, dated October 15, 2025, details the company's decision to exercise its call option on these bonds. The directors of the issuer include Ren Deqi, Zhang Baojiang, Yin Jiuyong, and others.