On September 15, financial news reported that Qilu Bank Co.,Ltd. announced the redemption of its perpetual capital bonds. In September 2020, the company issued 3 billion yuan worth of perpetual capital bonds (referred to as "the bonds") in the national interbank bond market. According to the relevant terms in the bond prospectus, the bonds included an issuer redemption option, granting the issuer the right to redeem all or part of the bonds on any interest payment date starting from the fifth year after issuance (including the interest payment date in the fifth year).
As of the announcement date, with approval from the Shandong office of the National Financial Regulatory Administration, the company has exercised its redemption right and fully redeemed the bonds.
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