CCB (00939) has announced the completion of its redemption of a domestic subordinated tier 2 bond issued in 2021.
In August 2021, the bank issued a total of RMB 80 billion in subordinated tier 2 bonds on the National Interbank Bond Market, comprising two tranches. Tranche 1 of this bond series was a 10-year fixed-rate bond, carrying a conditional issuer redemption option at the end of the fifth year, with an issuance size of RMB 65 billion.
As of the date of this announcement, the bank has exercised its redemption right and fully redeemed this tranche of bonds.
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