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Bank of China redeems RMB 24 billion subordinated bonds
By Wendy Van Sickle
Columbus, Ohio, July 9 – Bank of China Ltd. redeemed the RMB 24 billion of 15-year subordinated bonds that it issued on July 6, 2009, according to a notice.
The bonds were redeemed as a result of the bank exercising its 10th-anniversary call option on Monda.
The bank is based in Beijing.
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