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China’s ICBC calls RMB 20 billion subordinated bonds at par
By Rebecca Melvin
Concord, N.H., June 14 – Industrial and Commercial Bank of China Ltd. redeemed in full its RMB 20 billion subordinated bonds at par on Monday, according to a company announcement.
The bonds were issued on June 13, 2012 and became callable on the last day of the 10th interest accrual year.
ICBC is based in Beijing.
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