Bank of Ningbo Announces Full Redemption of 6 Billion Yuan in Tier 2 Capital Bonds

Deep News06-08

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment