Industrial and Commercial Bank of China (HK:1398) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
The Industrial and Commercial Bank of China Limited has announced the full redemption of its undated additional tier 1 capital bonds issued in 2019, with a total size of RMB80 billion. The redemption, executed at face value, took place on the fifth anniversary of the bond’s dividend payment date, in accordance with the bond’s prospectus terms. This strategic financial move underscores the bank’s commitment to managing its capital efficiently.
For further insights into HK:1398 stock, check out TipRanks’ Stock Analysis page.
