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Bank of China ( (HK:3988) ) has shared an announcement.
Bank of China has completed the issuance of RMB50 billion in write-down tier 2 capital bonds in China’s domestic interbank bond market, following prior shareholder and regulatory approvals for a broader capital instrument program of up to RMB450 billion. The bonds carry a 10-year term, a fixed coupon of 1.97%, and an issuer redemption option at the end of the fifth year.
Proceeds will be used to replenish the bank’s tier 2 capital under applicable regulations, strengthening its capital adequacy and supporting future business expansion and risk-bearing capacity. The transaction underscores Bank of China’s continued reliance on domestic bond markets to optimize its capital structure and maintain regulatory compliance in a competitive banking landscape.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.30 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
More about Bank of China
Bank of China Limited is a major Chinese commercial bank operating in domestic and international markets, offering corporate and retail banking, treasury operations, and related financial services. Listed in Hong Kong, it plays a key role in China’s state-owned banking sector and regularly taps capital markets to support regulatory capital needs and balance-sheet growth.
Average Trading Volume: 215,849,172
Technical Sentiment Signal: Buy
Current Market Cap: HK$1974B
See more insights into 3988 stock on TipRanks’ Stock Analysis page.