Bank of China Sydney branch issues $500m floating rate and 2bn yuan notes

The new notes, intended for purchase by professional investors, will be listed on the Hong Kong Stock Exchange with an expected effective listing date of November 11, 2025. The U.S.$500,000,000 Floating Rate Notes due 2030 will have an issue price of 100.00 per cent. of the aggregate nominal amount, with interest based on Compounded SOFR + 0.49 per cent. per annum. The CNY2,000,000,000 1.92 per cent. Notes due 2028 will also have an issue price of 100.00 per cent. of the aggregate nominal amount, with a fixed interest rate of 1.92 per cent. per annum payable semi-annually.

Both series of notes will be senior obligations and are expected to be rated A1 by Moody's, A by S&P, and A by Fitch. The offerings follow board approval on April 29, 2025 and shareholders' approval on June 27, 2025. The Bank of China confirmed it is not required to complete additional pre-issuance registration with the NDRC for these notes.

As of June 30, 2025, the Group's NPLs totaled RMB284.656 billion, representing an NPL ratio of 1.24 per cent., a decrease of 0.01 percentage points compared with the prior year-end. The Group’s capital adequacy ratio was 18.67 per cent., tier 1 capital adequacy ratio was 14.32 per cent., and common equity tier 1 capital adequacy ratio was 12.57 per cent.