REG - Bank of China Ltd Bank of China London - Sustainability Re-Linked Notes Coupon Adjustment

Bank of ChinaAnnouncement

28/03/2023 18:30

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RNS Number : 5271U  Bank of China Limited  28 March 2023

ANNUAL COUPON ADJUSTMENT OF SUSTAINABILITY RE-LINKED NOTES

Date: 28th March 2023

On 2 November 2021, Bank of China Limited, London Branch (the "Issuer") issued
U.S. $300,000,000 Sustainability Re-Linked Notes due 2024 (XS2400956020) (the
"SRLB"). The SRLB are re-linked to the performance of Sustainability
Performance Targets within eligible underlying Sustainability Linked Loans
("SLLs"). A corresponding coupon adjustment in relation to the SRLB may be
made according to the margin adjustment of the underlying SLLs through the
relinking mechanism set out in the Conditions of the SRLB.

 

The Issuer announced a coupon adjustment in relation to the Notes for the
First Observation Period which is from (and including) 2 November 2021 to (but
excluding) 3 September 2022. Following the coupon adjustment, the SRLB Coupon
Rate shall be 1.00057 per cent., comprising a Base Coupon Rate of 1.00000 per
cent. and an adjustment of 0.00057 per cent. The adjustment has been verified
by Ernst & Young Hua Ming LLP as the External Verifier under the
Conditions of the SRLB.

For further detail, please refer to the SRLB Annual Report, which is available
at https://www.bankofchina.com/uk/aboutus/ir10/
(https://www.bankofchina.com/uk/aboutus/ir10/)

For further information, please contact

Gareth Spero

Head of Transaction Management

Debt Capital Markets Centre (EMEA)

Telephone: +44 (0)20 3192 8383

Email: gareth.spero@uk.bankofchina.com

LEI: 54930053HGCFWVHYZX42

DISCLAIMER

This announcement is not for release, publication or distribution in the
United States of America or in any other jurisdiction in which such release,
publication or distribution would be prohibited by applicable law. The SRLB
have not been, and will not be, registered under the U.S. Securities Act of
1933, as amended (the "Securities Act"), or under any relevant securities laws
of any state of the United States of America or other jurisdiction and are
subject to U.S. tax law requirements. The securities may not be offered or
sold within the United States of America, except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the
Securities Act and applicable state or local securities laws.

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