ICBC Redeems 38 Billion Yuan Bonds; Shares Down 3%

MT Newswires Live

07/01

Industrial and Commercial Bank of China (SHA:601398, HKG:1398) fully redeemed bonds worth 38 billion yuan, according to a Hong Kong filing on Tuesday.

The lender's Hong Kong shares fell 3% during Wednesday's morning trade.

The bonds were issued in 2011.

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