Bank of East Asia to Redeem $650 Million Undated Securities

MT Newswires Live

09/22

The Bank of East Asia (HKG:0023) will exercise the option to redeem all $650 million of certain undated capital securities on Oct. 21, a Monday Hong Kong bourse filing said.

The securities were issued under a $6 billion medium-term bond program.

The redeemed securities will be cancelled by the lender, following which the firm will apply to withdraw their listing from the Hong Kong bourse.

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