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China’s ICBC redeems RMB 20 billion tier 2 capital bonds at par
By Sarah Lizee
Olympia, Wash., Aug. 5 – Industrial and Commercial Bank of China Ltd. said it redeemed in full its RMB 20 billion tier 2 capital bonds at par on Aug. 5.
The bonds were issued in August 2014.
They became callable on the last day of the first interest accrual year.
ICBC is based in Beijing.
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