BEA Announces Redemption of U.S.$650 Million Additional Tier 1 Capital Securities
Reuters
Sep 22
BEA Announces Redemption of U.S.$650 Million Additional Tier 1 Capital Securities
The Bank of East Asia Limited (BEA) has announced its decision to redeem its U.S.$650,000,000 Additional Tier 1 Undated Capital Securities. The redemption is scheduled to occur on October 21, 2025, in line with the terms and conditions set forth in the securities agreement. This move will result in the cancellation of all outstanding Undated Capital Securities, and BEA plans to subsequently apply for the withdrawal of their listing from The Stock Exchange of Hong Kong Limited. The announcement underscores BEA's strategic financial management in addressing its capital structure.
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