Bank of China (03988.HK) redeems and writes off non-fixed-term capital bonds.

Chinatimes Financial APP News, Bank of China (03988.HK) announced that on May 17, 2021, the bank issued a 50 billion yuan capital bond with no fixed term for write-down purposes, and on May 19, 2021, it issued an announcement on the completion of the issuance of the write-down type capital bond with no fixed term. According to the provisions of the prospectus, this bond has a redemption clause, and the issuer has the right to redeem the bond on the fifth anniversary, which is May 19, 2026. As of the date of this announcement, the bank has exercised its redemption right and fully redeemed this bond.