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Published on 11/9/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

China Construction fully redeems RMB 40 billion subordinated bonds

By William Gullotti

Buffalo, N.Y., Nov. 9 – China Construction Bank Corp. redeemed in full its RMB 40 billion domestic subordinated bonds at par on Tuesday, according to a notice.

The bonds had 10 years of call protection, after which they could be redeemed at par.

The bonds were redeemed on Nov. 8, the first working day after the Nov. 7 10-year date.

The bank is based in Beijing.


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