Bank of China redeems RMB 20 bn perpetual bonds early

Bank of China Limited announced the full redemption of its write-down non-fixed term capital bonds, initially issued on December 10, 2020. The bond issuance, totaling RMB 20 billion, carried an issuer's redemption option exercisable at the fifth anniversary.

The bank confirmed that it has now exercised this redemption right, fully repurchasing the outstanding bonds. The original issuance was publicized through an announcement dated December 14, 2020.

This redemption, occurring on the fifth anniversary of the bond (with payment adjusted for a non-business day), means the bonds are no longer outstanding. The announcement was made by the Bank of China Limited board of directors on December 16, 2025.