Bank of China (03988) completes the issuance of 2026 non-capital bonds for absorbing total loss absorption capacity (first tranche) (BondsLink)

The Bank of China (03988) announced that at the shareholder's meeting held on July 18, 2025, it approved the issuance of up to RMB 200 billion or equivalent foreign currency in total loss-absorbing non-capital debt instruments. Upon approval from relevant regulatory authorities, the Bank issued total loss-absorbing non-capital bonds (this series of bonds) on the national interbank bond market on May 19, 2026, and completed the issuance on May 21, 2026. This series of bonds is a 4-year fixed-rate bond with a issuance size of RMB 40 billion and a coupon rate of 1.72%, with a conditional redemption right for the issuer at the end of the third year. The funds raised from the issuance of this series of bonds, after deducting issuance costs, will be used to enhance the Bank's total loss-absorbing capacity in accordance with applicable laws and regulatory approvals.