Bank of Qingdao Co., Ltd. has announced the redemption of its Tier 2 capital bonds. The bank originally issued these bonds with a total value of 2 billion yuan on the national interbank bond market from May 26 to May 28, 2021. According to the terms outlined in the bond prospectus, the issuer held an early redemption option. This option allowed the bank to fully redeem the bonds at their face value on the final interest payment date of the year in which the right could be exercised, specifically May 28, 2026. The bank has now exercised this redemption right in full, completing the redemption of the entire bond issuance.