Bank Of China (03988) redeems and writes off non-fixed-term capital bonds.
Bank of China (03988) announced that on May 17, 2021, the bank issued a total of 5 billion yuan denominated capital bonds with no fixed term for write-down, and on May 19, 2021, it issued an announcement that the write-down capital bonds with no fixed term had been fully issued. According to the terms of the prospectus, the issuer has the right to redeem the bonds at the end of the fifth year, which is on May 19, 2026. As of the date of this announcement, the bank has exercised its redemption right and fully redeemed the bonds.
Bank of China (03988) announced that on May 17, 2021, the bank issued a 5 billion yuan Diminution Type Non-fixed-term capital bond, and on May 19, 2021, the issuance of the Diminution Type Non-fixed-term capital bond was completed. According to the terms of the prospectus, this bond has a redemption right for the issuer, who has the right to redeem the bond on May 19, 2026, the end of the fifth year of the bond issuance. As of the date of this announcement, the bank has exercised the redemption right and fully redeemed the bond.
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