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Bank of China redeems RMB 32 billion fixed-rate subordinated bonds
By Rebecca Melvin
Concord, N.H. May 20 – Bank of China Ltd. redeemed the RMB 32 billion of fixed-rate subordinated bonds that it issued on May 17, 2011, according to a notice.
The bonds were redeemed as a result of the bank exercising the 10-year call option on Wednesday.
The bank is based in Beijing.
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