Bank Of Ningbo Co.,Ltd. has announced the full redemption of its subordinated capital bonds.
The bank issued 3.5 billion yuan in subordinated capital bonds in July 2021.
According to the terms outlined in the bond prospectus, the issuer held an option to redeem the bonds on the final day of the fifth interest accrual year, which was July 12, 2026.
The bank has now exercised this redemption right and fully redeemed the bond issue.
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