Bank of China says issued 40 bln yuan bonds

HONG KONG, July 8 (Reuters) - Bank of China (601988.SS) (3988.HK), the country's largest foreign exchange bank, said late on Tuesday it had issued 40 billion yuan ($5.9 billion) in subordinated bonds in the national interbank bond market on Monday.

The Chinese lender said the funds raised would be used to replenish the supplementary capital of the bank.

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The amount was part of a total of 120 billion yuan in subordinated bonds that Bank of China planned to issue before the end of 2012 to improve its capital and debt structure, the bank said last week. [ID:nSHA49782] (US$1=HK$7.75=6.832 yuan) (Reporting by Donny Kwok; editing by Jacqueline Wong)