China Construction Bank (HK:0939) has released an update.
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China Construction Bank Corporation has successfully redeemed its Tier-2 Capital Bonds, initially issued for RMB20 billion in August 2014, on 19 August 2024. The redemption, which was exercised at par value in accordance with the bond’s prospectus terms, received no objections from the National Financial Regulatory Administration. This move comes as a significant financial maneuver for the bank, reflecting its strategic financial planning and operational efficiency.
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