Bank of East Asia to redeem, cancel $650 million notes on Dec. 2

By Rebecca Melvin

New York, Nov. 13 – Bank of East Asia, Ltd. said it will redeem and cancel all of its outstanding $650 million undated subordinated additional tier 1 capital securities on Dec. 2, according to a company notice.

The notes were issued under the bank’s $6 billion medium-term note program.

Bank of East Asia is based in Hong Kong.

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