Bank of Communications Co (HK:3328) has released an update.
Bank of Communications Co., Ltd. has announced the full redemption of its 10-year Tier-2 Capital Bonds, initially issued on 16 August 2019, with a nominal value of RMB30 billion. The redemption, which occurred at the end of the fifth year as per the prospectus terms, underscores the Bank’s strategic financial management. This move may influence the Bank’s financial structure and be of interest to investors tracking bond markets and bank operations.
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