CMBC Capital Holdings' (HKG:1141) subsidiary CMBC Investment (HK) acquired $8 million worth of $1.25 billion undated deeply subordinated additional tier 1 fixed rate resettable bonds issued by Credit Agricole on Oct. 2, a Wednesday Hong Kong bourse filing said.
The interest on the bonds will be paid thrice a year. The interest rate for the perpetual bonds is 6.7% per annum and will be reset on Sept. 23, 2034, and on each fifth anniversary thereafter.
The company funded the purchase with its internal resources.
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