Bank of China (03988) has completed the issuance of 50 billion yuan of subordinate capital bonds.

Bank of China (03988) announced that, with the approval of relevant regulatory authorities, the bank issued a total of 50 billion yuan of write-down type Tier 2 capital bonds (this issue) on the national interbank bond market on December 22, 2025, and the issuance was completed on December 24, 2025. This issue of bonds includes two types. Type one is a 10-year fixed-rate bond with an issuance size of 48 billion yuan and a coupon rate of 2.22%, with issuer redemption rights at the end of the 5th year; type two is a 10-year floating-rate bond with an issuance size of 2 billion yuan, with an initial coupon rate of 2.25% for the first interest payment period, and issuer redemption rights at the end of the 5th year. The funds raised from this issue of bonds will be used, in accordance with applicable laws and regulatory approvals, to supplement the bank's Tier 2 capital.