Bank of Communications Co (HK:3328) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into HK:3328 stock, check out TipRanks’ Stock Analysis page.