(Infocast News) BANK OF CHINA(03988) said that on 10 December 2020, the Bank issued write-down undated capital bonds in the amount of RMB20 billion and published the announcement on completion of issuance of write-down undated capital bonds on 14 December 2020. According to the relevant terms and conditions in the prospectus for the issuance of the Bonds, the Bonds are subject to the redemption right of the issuer, where it has the right to redeem the Bonds at the fifth anniversary of the issuance of the Bonds (which was not a working day and therefore the payment of funds was postponed to the
immediate following working day).
As at the date of this announcement, the Bank has exercised the redemption right and redeemed the Bonds in full amount. (SY)