By Sarah Lizee
Olympia, Wash., Sept. 20 – Bank of Communications Co., Ltd. sold RMB 40 billion of 4.2% undated capital bonds, according to an announcement.
The coupon may be adjusted every five years.
The bonds may be called after six years in whole or in part on the annual interest payment date.
Bank of Communications is based in Shanghai.
| Issuer: | Bank of Communications Co., Ltd.
|
| Issue: | Undated capital bonds
|
| Amount: | RMB 40 billion
|
| Maturity: | Undated
|
| Coupon: | 4.2%; may be adjusted every five years
|
| Call: | After six years in whole or in part on the annual interest payment date
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 20
|
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