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BANK OF CHINA (03988.HK) Completes Issuance of RMB30 Billion Write-down Undated Capital Bonds
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BANK OF CHINA (03988.HK) announced that it has completed the issuance of write-down undated capital bonds, with an issuance size of RMB30 billion. The coupon rate for the first five years is 1.95%, subject to reset every five years thereafter. The bonds carry an issuer call option on the fifth anniversary and on each interest payment date thereafter. The proceeds raised will, in accordance with applicable laws and regulatory approvals, be used to replenish the banks Additional Tier 1 capital. (sl/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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