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Shanghai Commercial Bank calls $300 million 5% subordinated notes due 2029
By Mary-Katherine Stinson
Lexington, Ky., Dec. 19 – Shanghai Commercial Bank Ltd. issued a redemption notice to holders of its $300 million of 5% tier 2 subordinated notes due 2029 (ISIN: XS1892105823), according to an announcement.
The notes will be fully redeemed on Jan. 17 at par plus interest and will be subsequently delisted.
Based in Hong Kong, the bank offers a range of retail and corporate banking products and services.
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