Core Viewpoint - The Bank of China announced plans to issue a total of 150 billion RMB or equivalent foreign currency in total loss-absorbing capacity non-capital debt instruments, with a specific issuance of 50 billion RMB in fixed-rate bonds set for August 2025 [1] Group 1: Bond Issuance Details - The Bank of China will hold a shareholders' meeting on February 26, 2024, to approve the issuance of non-capital debt instruments [1] - The bonds will be issued in the interbank bond market on August 15, 2025, and will be completed by August 19, 2025 [1] - The bonds have a fixed interest rate of 1.93% and a maturity of 4 years, with a conditional redemption option for the issuer at the end of the third year [1] Group 2: Fund Utilization - Proceeds from the bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss-absorbing capacity, subject to applicable laws and regulatory approvals [1]
中国银行500亿元总损失吸收能力非资本债券发行完毕