Bank of China has completed the issuance of 30 billion yuan in write-down perpetual capital bonds in the national interbank bond market. The bonds carry a coupon rate of 1.91 percent for the first five years, resetting every five years, with an issuer call option on the fifth anniversary and each subsequent interest payment date. The proceeds will be used to replenish the bank's additional tier-one capital.
Bank of China LimitedBank of China successfully issued 30 billion yuan in perpetual capital bonds to replenish its additional tier-one capital, strengthening its capital base.