Bank of Communications redeems $2.8 bn offshore perpetual capital bonds

Bank of Communications announced the completion of the redemption of its offshore perpetual capital bonds. The bank exercised its redemption right, effectively redeeming all outstanding bonds on November 18, 2025. This action follows the issuance of the $2.8 billion perpetual capital bonds in the offshore market on November 18, 2020. As of the announcement date, there is no longer any outstanding balance for these bonds.

The redemption process was initiated with an announcement on October 15, 2025. Following the full redemption, Bank of Communications has applied to the Hong Kong Stock Exchange Limited to delist these bonds. The delisting is expected to become effective at the close of business on November 26, 2025.

This strategic move by the Bank streamlines its capital structure by settling these previously issued offshore perpetual capital bonds. The announcement was made by the board of directors of Bank of Communications Co., Ltd. on November 18, 2025.