BANKCOMM (03328) exercises redemption rights on perpetual capital bonds in 2019.
Bank of Communications (03328) announced that the bank has issued a total of RMB 400 million in bonds in the national interbank bond market.
BANKCOMM(03328) announced that the bank issued RMB 40 billion worth of perpetual capital bonds in the national interbank bond market (this bond issue).
According to the terms of the prospectus, this bond issue includes a redemption right for the issuer. The bank has the right to redeem all or part of this bond issue at face value at the end of the 5th year, which is September 20, 2024.
As of September 20, 2024, the bank has exercised its redemption right and redeemed the entire bond issue.
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