Bank of China (HK:3988) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Bank of China has successfully issued RMB20 billion in write-down undated capital bonds in the domestic interbank bond market, with a 2.17% coupon rate for the first five years. The issuance, aimed at bolstering the bank’s additional tier-1 capital, allows redemption from the fifth year on each payment date. This move reflects the bank’s strategic effort to strengthen its financial position.
For further insights into HK:3988 stock, check out TipRanks’ Stock Analysis page.
