Bank of China (SHA:601988, HKG:3988) raised 50 billion yuan through issue of 10-year write-down tier 2 capital bonds in China's domestic interbank market.
The bonds carry a 1.74% coupon and give the bank the right to redeem them at the end of the fifth year, according to a Tuesday Hong Kong bourse filing. Proceeds will be used to replenish tier 2 capital.
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