Bank of China redeems RMB 30 bn perpetual capital bonds

Bank of China Limited announced on November 18, 2025, that it has exercised its redemption right and fully redeemed its write-down perpetual capital bonds. The bonds, with an issue size of RMB 30 billion, were originally issued by the bank on November 13, 2020.

According to the terms in the bond's offering circular, the issuer held the right to redeem the bonds at the end of the fifth year. This redemption date was set for November 17, 2025.

As of the announcement date, Bank of China has successfully exercised this right, repurchasing the entire outstanding amount of the bonds.