Bank of China (HK:3988) has released an update.
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Bank of China has successfully issued RMB20 billion in write-down undated capital bonds in the domestic interbank bond market, with a 2.17% coupon rate for the first five years. The issuance, aimed at bolstering the bank’s additional tier-1 capital, allows redemption from the fifth year on each payment date. This move reflects the bank’s strategic effort to strengthen its financial position.
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