China Railway Construction Corporation (01186): Not exercising the "19 Iron Construction Y6" renewal option.

China Railway Construction Corporation (01186) announced that on December 17, 2019, it completed the issuance of the renewable corporate bonds (third tranche, series 2) to qualified investors for the year 2019. The bond, named "19Y6," has a term of five interest calculation years. At the end of each five-year period (or each repricing period), the issuer has the option to renew the bonds. The company has decided not to exercise the renewal option, and will fully redeem the bonds of this period.