Bank of China redeems RMB30 bn undated capital bonds

Bank of China Limited announced the redemption of RMB30 billion in write-down undated capital bonds. These bonds were initially issued on November 13, 2020, with the completion of issuance announced on November 17, 2020. The redemption, exercised at the fifth anniversary of issuance, fulfills a right stipulated in the original prospectus.

The redemption right allowed the issuer to redeem the bonds on November 17, 2025, which has now been exercised. As of the announcement date, Bank of China has redeemed the full amount of the bonds.

The announcement was made in Beijing, PRC, on November 18, 2025. The board of directors includes Ge Haijiao, Zhang Hui, Liu Jin, Zhang Yong, Huang Binghua, Liu Hui, Shi Yongyan, Lou Xiaohui, Li Zimin, Jean-Louis Ekra, Giovanni Tria, Liu Xiaolei, Zhang Ran, Ko Margaret, and Woo Chin Wan Raymond.