Bank of Communications Co (HK:3328) has released an update.
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Bank of Communications Co., Ltd. has announced the full redemption of its RMB40 billion Undated Capital Bonds on September 20, 2024, in accordance with the terms set out in the 2019 prospectus. The move signifies the Bank’s exercise of its right to redeem the Bonds at nominal value after five years from their issuance. This strategic financial decision could impact investors and the bank’s capital structure.
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