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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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