Bank of China Executes Early Bond Redemption

Bank of China (HK:3988) has released an update.

Bank of China Limited has successfully redeemed its ten-year tier-2 capital bonds issued in 2019, five years ahead of maturity, utilizing its issuer redemption option. The total redemption of the RMB30 billion fixed-rate bonds aligns with the conditions outlined in the original prospectus. This financial move signals the bank’s proactive management of its capital structure.

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