BANK OF CHINA (03988.HK): issues RMB50bn tier 2 capital bonds at 1.74%
NewTimeSpace News: On 20 October 2026, Bank of China Limited (stock code: 03988) said that, having obtained approvals from the relevant regulatory authorities, it issued write-down tier 2 capital bonds in an aggregate amount of RMB50 billion in the domestic interbank bond market on 16 October 2026, and completed the issuance on 20 October 2026.
The bonds are fixed rate instruments with a term of 10 years, an issue size of RMB50 billion, a coupon rate of 1.74% and a redemption right of the issuer at the end of the fifth year.
The funds raised will be used to replenish the Bank's tier 2 capital in accordance with applicable laws and regulatory approvals. The issuance proposal was approved by the Bank's shareholders' meeting held on 18 July 2025, with a cap of RMB450 billion or the equivalent in foreign currencies of capital instruments.
- BANK OF CHINA (03988.HK): RMB 40 billion 2026 second-tranche TLAC non-capital bonds (Bond Connect) fully issued
- BANK OF CHINA (03988.HK): Completes issuance of RMB 20 billion write-down perpetual capital bonds at coupon rate of 1.86%
- Bank of China(03988.HK): Completes RMB50 Billion Tier 2 Capital Bond Issuance with a Coupon Rate of 1.93%
