Bank Of China Fully Redeems 30 Billion Yuan of Bonds

MT Newswires Live

2024/09/25

Bank Of China (HKG:3988, SHA:601988) has fully redeemed 30 billion yuan of tier-2 capital bonds, a Wednesday bourse filing said.

The 10-year bonds were issued in 2019 as part of an issue of two tranches of bonds worth a total of 40 billion yuan.

Shares of the lender closed over 2% higher on Wednesday.

Price (HKD): $3.76, Change: $+0.080, Percent Change: +2.17%

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