Bank of China completes RMB 60 bn Tier 2 capital bond issuance

Bank of China Limited announced the completion of its RMB 60 billion write-down type Tier 2 capital bond issuance. The bonds, with a 10-year fixed interest rate and a coupon rate of 2.16%, include an issuer's redemption option at the end of the fifth year. The issuance was finalized on November 26, 2025, after being floated in the national interbank bond market on November 24, 2025.

The issuance was approved by shareholders on July 18, 2025, allowing for the sale of up to RMB 450 billion or equivalent foreign currency capital tools. The funds raised from this bond issuance will be used to supplement the bank's Tier 2 capital, in compliance with applicable laws and regulatory approvals.