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China’s Zhongyuan Bank calls RMB 10 billion 5.2% 10-year tier 2 bonds
By Mary-Katherine Stinson
Lexington, Ky., Aug. 18 – Zhongyuan Bank Co., Ltd. is redeeming its tier 2 capital bonds totaling RMB 10 billion after receiving approval from the National Administration of Financial Regulation Henan Office, according to a notice.
The 10-year bonds have a coupon of 5.2% and were callable at the end of the fifth year.
They were originally issued on Sept. 26, 2018.
The commercial bank is based in Zhengzhou, China.
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