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China’s Jinshang redeems RMB 2 billion tier 2 capital bonds in full
By Taylor Fox
New York, Aug. 24 – Jinshang Bank Co Ltd. redeemed RMB 2 billion of 10-year, tier 2 capital bonds in full, according to a news release.
The bonds were issued between Aug. 19, 2015 and Aug. 21, 2015.
According to the prospectus for the issuance of the bonds, Jinshang had the right to redeem the bonds at their nominal value on the last day of the fifth interest-bearing year, which was Aug. 21.
Jinshang Bank is located in Taiyuan, China.
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