Bank of China completes redemption of offshore preference shares

Bank of China (SSE:601988) announced the successful redemption of its 197,865,300 outstanding offshore preference shares. Originally issued on March 4, 2020, the shares were redeemed on March 4, 2025, at a price of USD 14.252 per share. The redemption, conducted in accordance with the terms and conditions of the shares, included payment of the U.S. dollar face amount plus all declared and unpaid dividends up to, but not including, the redemption date.