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Agricultural Bank of China redeems RMB 40 billion tier 2 bonds
By Mary-Katherine Stinson
Lexington, Ky., April 12 – Agricultural Bank of China Ltd. redeemed in full its RMB 40 billion of 10-year tier 2 capital bonds issued in April 2019, according to a company announcement.
The issuer exercised its optional redemption right on the fifth anniversary of issuance, which fell on April 11.
The commercial bank is based in Beijing.
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