Bank of China completes RMB60 bn Tier 2 capital bond issuance

Bank of China Limited announced the completion of its RMB60 billion write-down Tier 2 Capital Bond issuance on November 26, 2025. This followed approval at the shareholders' meeting on July 18, 2025, for capital instruments up to RMB450 billion. The bonds, with a 10-year term and a coupon rate of 2.16%, grant the issuer a redemption right after five years.

The bonds were issued in the domestic interbank bond market on November 24, 2025. The proceeds from this issuance will be utilized to replenish the bank's Tier 2 capital, aligning with applicable laws and regulatory approvals.