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China CITIC Bank ( (HK:0998) ) has provided an update.
China CITIC Bank has announced the redemption upon maturity and subsequent delisting of its CITIC Convertible Bonds, initially issued in March 2019 with a maturity period of six years. The bank plans to redeem the bonds at RMB111 per bond, inclusive of interest, with the final trading date set for 26 February 2025 and delisting on 4 March 2025. This move marks a significant step in managing its financial instruments and obligations, potentially impacting bondholders as they decide on conversion options or redemption.
More about China CITIC Bank
China CITIC Bank Corporation Limited is a prominent financial institution in the People’s Republic of China, primarily focusing on providing comprehensive banking services. It operates within the financial services industry, emphasizing corporate banking, retail banking, and wealth management, catering to a wide range of customers in various market segments.
YTD Price Performance: 11.34%
Average Trading Volume: 32,533
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $47.66B
See more data about 0998 stock on TipRanks’ Stock Analysis page.
