Bank of Communications redeems 30 bn yuan perpetual capital bonds

Bank of Communications has fully redeemed its 30 bn yuan perpetual capital bonds on September 25, 2025. The bonds were initially issued between September 23 and 25, 2020, in the national interbank bond market, as detailed in the company's announcement.

According to the terms outlined in the offering circular, the bank held the option to redeem all or part of these bonds at face value at the end of the fifth year from issuance, which falls on September 25, 2025. The company has now confirmed the complete exercise of this redemption right.

This action aligns with the terms set out at the time of the bond's issuance.