Bank of China (03988.HK): Redemption redemption-type non-fixed-term capital bonds with write-downs.

Wisdom Financial News App reports that Bank of China (03988.HK) has announced that on November 13, 2020, the bank issued RMB 30 billion worth of non-fixed term capital bonds with a write-down feature, and on November 17, 2020, it issued an announcement that the issuance of such bonds has been completed. According to the terms of the prospectus for this bond issuance, the bonds have a redemption right for the issuer, allowing them to redeem the bonds on November 17, 2025, at the end of the fifth year of the bond issuance.