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Published on 1/30/2024 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Bank of China redeems RMB 40 billion write-down capital bonds

By William Gullotti

Buffalo, N.Y., Jan. 30 – Bank of China Ltd. redeemed the RMB 40 billion of write-down undated capital bonds that it issued on Jan. 29, 2019 on Monday, according to an announcement on Tuesday.

The bonds were redeemed in full as a result of the bank exercising its five-year call option.

The bank is based in Beijing.


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