Bank of China Sells 50 Billion Yuan Bonds
Bank of China (SHA:601988, HKG:3988) completed the issue of 50 billion yuan bonds in the domestic interbank bond market on Tuesday, according to a same-day Hong Kong bourse filing.The bonds carry a coupon rate of 1.97% and will fall due in 10 years. The lender will have a redemption right at the end of the fifth year.The bank will use proceeds to replenish its tier 2 capital.