Bank of China ( (HK:3988) ) has issued an update.

Bank of China has completed the issuance of RMB30 billion in write-down undated capital bonds in China’s domestic interbank bond market, following shareholder approval to issue up to RMB450 billion in capital instruments and clearance from regulators. The bonds carry a 1.91% coupon for the first five years, with a five-year reset and issuer call options from year five, and the proceeds will be used to replenish the bank’s additional Tier 1 capital, strengthening its regulatory capital position and providing flexibility to support future business expansion and risk management.

This latest capital issuance reinforces Bank of China’s efforts to optimize its capital structure under evolving prudential standards, potentially enhancing its resilience and competitiveness among China’s large commercial banks. The move signals continued access to domestic bond markets for loss-absorbing instruments and may reassure investors and regulators about the bank’s ability to meet capital adequacy requirements while maintaining capacity to finance economic activity and manage balance-sheet risks.

The most recent analyst rating on (HK:3988) stock is a Buy
with a HK$5.80 price target.
To see the full list of analyst forecasts on Bank of China stock,
see the HK:3988 Stock Forecast page.