China Construction Bank (HKG:0939, SHA:601939) will exercise an option to redeem all outstanding bonds under a $2 billion issue of tier 2 dated capital bonds on June 24, ahead of their 2030 maturity, a Thursday Hong Kong bourse filing said.
The lender issued the bonds in June 2020 with an initial interest rate of 2.45% per annum.
Following redemption, there will be no outstanding bonds in issue.
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