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Bank of China ( (HK:3988) ) has shared an update.
Bank of China Limited has announced the redemption of its RMB40 billion write-down undated capital bonds, initially issued in April 2020. This strategic move, approved by the National Financial Regulatory Administration, allows the bank to exercise its redemption option, potentially impacting its capital structure and signaling financial stability to stakeholders.
More about Bank of China
Bank of China Limited is a major financial institution in the People’s Republic of China, providing a wide range of banking services and products. It operates in the financial services industry with a focus on banking and financial solutions.
YTD Price Performance: 17.83%
Average Trading Volume: 43,004
Technical Sentiment Signal: Sell
Current Market Cap: $207.4B
See more data about 3988 stock on TipRanks’ Stock Analysis page.