BANK OF CHINA (03988) has announced the redemption of its write-down perpetual capital bonds. The bank originally issued these bonds with a total value of RMB 50 billion on May 17, 2021, and completed the issuance on May 19, 2021. According to the terms outlined in the offering memorandum, the bonds included an issuer call option, granting BANK OF CHINA the right to redeem them at the end of the fifth year, specifically on May 19, 2026. As of the date of this announcement, the bank has exercised this redemption right and has fully redeemed the bond issue.