China Construction Bank Corporation (00939) has completed the redemption of onshore perpetual capital bonds without fixed term.

China Construction Bank Corporation (00939) has issued an announcement stating that, in accordance with the relevant provisions of the prospectus for this bond issuance, this bond has a conditional redemption provision. The bank has the right to redeem all or part of this bond on the interest payment date of the 5th year of this bond issue (i.e. November 15, 2024). Recently, the bank has obtained a letter of no objection from the China Banking and Insurance Regulatory Commission regarding the redemption of this bond. As of the date of this announcement, the bank has exercised its redemption right and fully redeemed this bond.