Bank of China Limited (“Bank of China”) announced that, subject to the approval of the relevant regulatory authorities, its 2024 Total Loss Absorption Capacity Non-Capital Notes (Phase I) has recently been successfully issued on the national interbank bond market. The total issuance of bonds in the period amounted to RMB400 billion, divided into two types: a 4-year fixed rate bond, issued at $250 billion, with a bill rate of 2.25%, with a redemption condition by the issuer at the end of the third year; a 2-6-year fixed-rate bond, issued at $150 billion, with a check rate of 2.35%, and Issuer redemption conditions are in place at the end of the 5th year. The funds raised will be used to increase the total loss absorption capacity of the Bank of China after deducting the issuance fee. The bond issue was completed on 20 May 2024 and announced by the Board of Directors of the Bank of China in Beijing.

Bank of China Limited (“Bank of China”) announced that, subject to the approval of the relevant regulatory authorities, its 2024 Total Loss Absorption Capacity Non-Capital Notes (Phase I) has recently been successfully issued on the national interbank bond market. The total issuance of bonds in the period amounted to RMB400 billion, divided into two types: a 4-year fixed rate bond, issued at $250 billion, with a bill rate of 2.25%, with a redemption condition by the issuer at the end of the third year; a 2-6-year fixed-rate bond, issued at $150 billion, with a check rate of 2.35%, and Issuer redemption conditions are in place at the end of the 5th year. The funds raised will be used to increase the total loss absorption capacity of the Bank of China after deducting the issuance fee. The bond issue was completed on 20 May 2024 and announced by the Board of Directors of the Bank of China in Beijing.