China Construction Bank (00939) has fully redeemed the 2021 Domestic Tier 2 Capital Bonds (Phase 2) (Type 1)

Zhitongcaijing · 2d ago

Zhitong Finance App News, China Construction Bank (00939) announced that in November 2021, the bank issued RMB 45 billion of second-tier capital bonds in the national interbank bond market, including two varieties. Among them, Type 1 bonds (current bonds) are 10-year fixed interest rate bonds, with conditional issuer redemption rights at the end of the 5th year, with an issuance scale of RMB 35 billion.

According to the relevant provisions of the current bond offering instructions, the issuer has the right to redeem the current bond, and the Bank has the right to fully redeem the current bond at face value on the last day of the 5th interest-bearing year of the current bond (that is, November 9, 2026). Recently, the bank has obtained a reply from the State Financial Supervisory Authority with no objection to the redemption of the current bond.

As of the date of this announcement, the bank has exercised the right of redemption and has redeemed the current bond in full.