By Marisa Wong
Madison, Wis., May 19 - Bank of China Ltd. announced it issued RMB 32 billion of subordinated bonds in the national interbank bond markets on May 17.
The bonds have a maturity of 15 years and carry a coupon of 5.3%.
The bonds are callable after 10 years.
Funds from the issuance will be used to replenish the Beijing-based commercial bank's supplementary capital.
| Issuer: | Bank of China Ltd.
|
| Issue: | Subordinated bonds
|
| Amount: | RMB 32 billion
|
| Maturity: | 15 years
|
| Coupon: | 5.3%
|
| Call option: | After 10 years
|
| Settlement date: | May 17
|
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