Industrial and Commercial Bank of China (HK:1398) has released an update.
The Industrial and Commercial Bank of China Limited has announced the full redemption of its undated additional tier 1 capital bonds issued in 2019, with a total size of RMB80 billion. The redemption, executed at face value, took place on the fifth anniversary of the bond’s dividend payment date, in accordance with the bond’s prospectus terms. This strategic financial move underscores the bank’s commitment to managing its capital efficiently.
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