CITIC BANK (00998) has announced the full redemption of its perpetual capital bonds. The bank originally issued these bonds, with a total value of 40 billion yuan, between April 22 and April 26, 2021. An announcement confirming the completion of this issuance was made on April 26, 2021.

According to the terms outlined in the bond prospectus, the issuer held a conditional redemption right. This right permitted the bank to redeem all or part of the bonds on the fifth interest payment date, which fell on April 26, 2024.

As of the date of the current announcement, and with the approval of the National Financial Regulatory Administration, the bank has exercised this redemption right and fully redeemed the entire issuance of bonds.