Bank of China (SHA:601988, HKG:3988) issued 50 billion yuan of write-down tier 2 capital bonds, according to a Wednesday filing with the Shanghai bourse.
The bonds, which form part of a 450 billion-yuan issuance, are 10-year fixed-rate bonds with a rate of 1.93%, with a redemption option at the end of the fifth year.
Proceeds will be used to boost the bank's tier 2 capital.
Shares fell 2% in Hong Kong and 1% in Shanghai during afternoon trading on Wednesday.
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