China Construction Bank (00939.HK) has completed the redemption of the domestic 2021 Tier 2 capital bonds (Phase I) (Variety 1).

Zhitong Finance APP News, China Construction Bank (00939.HK) announced that in August 2021, the bank issued subordinate capital bonds in the national interbank bond market with a total scale of 80 billion RMB, including two varieties. Among them, Bond Type One (the current bond) is a fixed-rate bond with a 10-year term, featuring a conditional issuer redemption right at the end of the 5th year, with an issuance scale of 65 billion RMB. As of the date of this announcement, the bank has exercised its redemption right and fully redeemed the current bonds.