Bank of China (SHA:601988, HKG:3988) completed the issue of 40 billion yuan bonds on Thursday, according to a same-day filing with the Hong Kong bourse.
The bonds carry a coupon rate of 1.72% and will fall due in four years. The bank will have a conditional redemption right at the end of the third year.
The lender will use proceeds to improve its total loss-absorbing capacity.
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