diff --git a/changelogs/fragments/bgp_global_render_pass.yml b/changelogs/fragments/bgp_global_render_pass.yml
new file mode 100644
index 000000000..d6c7c5e5a
--- /dev/null
+++ b/changelogs/fragments/bgp_global_render_pass.yml
@@ -0,0 +1,4 @@
+---
+bugfixes:
+  - ios_bgp_global - fix parsing of password_options while gathering password configuration from appliance.
+  - ios_bgp_address_family - fix parsing of password_options while gathering password configuration from appliance.
diff --git a/plugins/module_utils/network/ios/rm_templates/bgp_address_family.py b/plugins/module_utils/network/ios/rm_templates/bgp_address_family.py
index d55ddc088..b0f207c74 100644
--- a/plugins/module_utils/network/ios/rm_templates/bgp_address_family.py
+++ b/plugins/module_utils/network/ios/rm_templates/bgp_address_family.py
@@ -1586,8 +1586,8 @@ def __init__(self, lines=None, module=None):
             "getval": re.compile(
                 r"""
                 \s\sneighbor\s(?P<neighbor_address>\S+)\spassword
-                \s(?P<encryption>\d+)
-                (\s(?P<pass_key>.$))?
+                (\s(?P<encryption>\d+))
+                (\s(?P<pass_key>.+))?
                 $""",
                 re.VERBOSE,
             ),
diff --git a/plugins/module_utils/network/ios/rm_templates/bgp_global.py b/plugins/module_utils/network/ios/rm_templates/bgp_global.py
index a210b2fc3..641a02240 100644
--- a/plugins/module_utils/network/ios/rm_templates/bgp_global.py
+++ b/plugins/module_utils/network/ios/rm_templates/bgp_global.py
@@ -1642,7 +1642,7 @@ def __init__(self, lines=None, module=None):
                 r"""
                 \sneighbor\s(?P<neighbor_address>\S+)\spassword
                 \s(?P<encryption>\d+)
-                (\s(?P<pass_key>.$))?
+                (\s(?P<pass_key>.+))?
                 $""",
                 re.VERBOSE,
             ),
diff --git a/tests/unit/modules/network/ios/test_ios_bgp_global.py b/tests/unit/modules/network/ios/test_ios_bgp_global.py
index 67fd77e1d..947adf2ef 100644
--- a/tests/unit/modules/network/ios/test_ios_bgp_global.py
+++ b/tests/unit/modules/network/ios/test_ios_bgp_global.py
@@ -628,6 +628,7 @@ def test_ios_bgp_global_parsed(self):
                      timers bgp 100 200 150
                      redistribute connected metric 10
                      neighbor 192.0.2.1 remote-as 100
+                     neighbor 192.0.2.1 password 7 DEQPITOP101395
                      neighbor 192.0.2.1 route-map test-route out
                      address-family ipv4
                       neighbor 192.0.2.28 activate
@@ -652,7 +653,13 @@ def test_ios_bgp_global_parsed(self):
                 {
                     "remote_as": "100",
                     "neighbor_address": "192.0.2.1",
-                    "route_maps": [{"name": "test-route", "out": True}],
+                    "route_maps": [
+                        {"name": "test-route", "out": True},
+                    ],
+                    "password_options": {
+                        "encryption": 7,
+                        "pass_key": "DEQPITOP101395",
+                    },
                 },
             ],
         }