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ICBC redeems RMB 44 billion tier 2 capital bonds issued in 2017
By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – Industrial and Commercial Bank of China Ltd. redeemed in full its RMB 44 billion of 2017 tier 2 capital bonds, first tranche, at par on Monday, according to a company announcement.
The bonds were issued from Nov. 6, 2017 to Nov. 8, 2017 and became callable on Nov. 8.
ICBC is based in Beijing.
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