Bank of China Issues 20 Billion Yuan Bonds

MT Newswires Live

2024/12/11

Bank of China (HKG:3988) issued 20 billion yuan write-down undated capital bonds in China's interbank market, according to a Tuesday filing with the Hong Kong bourse.

The bonds carry a 2.17% coupon rate for five years, which will reset afterward. The bank retains redemption rights from year five onward.

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