Financial sector news on June 8th reports that Bank Of Ningbo Co.,Ltd. (SHE: 002142) has issued an announcement today.
The bank stated that in June 2021, it issued Tier 2 capital bonds with a total value of 6 billion yuan.
In accordance with the terms outlined in the bond prospectus, these bonds included an issuer call option.
This provision granted the bank the right to redeem the bonds at their face value on the final day of the fifth interest accrual period, which falls on June 7, 2026.
The announcement confirms that, as of the date of this notice, the bank has exercised this redemption right and has fully redeemed the entire issuance of these bonds.
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