Gelonghui, December 17 | Bank of China (03988.HK) issued an announcement. With approval from relevant regulators, the Bank's 2024 Total Loss Absorption Capacity Non-Capital Green Bonds (Phase 1) (Bond Connect) have recently been issued in the national interbank bond market. The issuance scale of the current bond is RMB 10 billion. The type is a 4-year fixed interest rate type with conditional issuer redemption rights at the end of the 3rd year, and the coupon interest rate is 1.78%.
After deducting issuance fees, the funds raised in this issue will be used to enhance the Bank's total loss absorption capacity in accordance with applicable laws and the approval of the competent authorities, and the funds will be invested in green industry projects as stipulated in the “Catalogue of Green Bond Support Projects (2021 Edition)”.
