The Bank of China (03988) issued an announcement. With the approval of relevant regulators, the bank's total loss absorption capacity in 2024 is not...
According to the Zhitong Finance App, the Bank of China (03988) issued an announcement. With the approval of the relevant regulatory authorities, the bank's 2024 total loss absorption capacity non-capital bonds (first instalment) (current bonds) have recently been issued in the national interbank bond market. The current bond issuance scale is RMB 40 billion and is divided into two types. Among them, type 1 is a 4-year fixed interest rate type, with a conditional issuer redemption right at the end of the 3rd year, with an issuance scale of RMB 25 billion and a coupon interest rate of 2.25%; type 2 is a 6-year fixed interest rate variety, with a conditional issuer redemption right at the end of the 5th year. The issuance scale is RMB 15 billion, and the coupon interest rate is 2.35%.
After deducting issuance fees, the funds raised in this issue will be used to enhance the Bank's overall loss absorption capacity in accordance with applicable laws and the approval of the competent authorities.