MT Newswires Live09-07 19:33
Bank of China (SHA:601988, HKG:3988) issued non-capital bonds amounting to 40 billion yuan, according to a Monday Hong Kong bourse filing.
The issuance comprises 20 billion yuan of four-year bonds with a 1.69% coupon and 20 billion yuan of six-year bonds with a 1.79% coupon. The bank has a conditional redemption right at the end of the third and fifth years, respectively.
Net proceeds will be used to improve the bank's total loss-absorbing capacity, subject to regulatory approval.
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