Bank of China completes issuance of total loss-absorbing bonds

Bank of China announced the successful completion of its 2025 Total Loss-Absorbing Capacity Non-Capital Bonds (First Tranche) issuance on July 10, 2025.

The 4-year fixed-rate bonds, with a principal of CNY 500,000,000,000 and a coupon rate of 1.75%, include a conditional call option for the issuer at the end of year three.

The proceeds will be utilized to enhance the bank's total loss-absorbing capacity, subject to regulatory approval.