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Bank of China Fully Redeems 30 Billion Yuan of Bonds 5 Years Ahead of Maturity
Bank of China (03988.HK): Fully redeeming 30 billion yuan of subordinate bonds.
On November 25, Geelong announced that Bank of China (03988.HK) issued a 10-year fixed-rate subordinated capital bonds totaling 30 billion yuan on November 20, 2019, and announced the completion of the issuance of subordinated capital bonds on November 22, 2019. According to the terms of the prospectus for this bond issuance, the bond has a redemption clause, and the issuer has the right to redeem the bond on the end of the fifth year of the bond, i.e. November 22, 2024. As of the announcement date, the Bank has exercised the redemption right and fully redeemed the bond.
Express News | Bank of China - Redemption of Tier-2 Capital Bonds of RMB30 Bln
Bank of China (601988.SH): Redeem subordinated bonds.
On November 25, 2023, bank of china (601988.SH) announced that on November 20, 2019, bank of china limited (referred to as "the Bank") issued a 10-year fixed-rate subordinated capital bond with a scale of 30 billion yuan. According to the relevant terms in the offering circular of this bond, the bond includes a redemption right for the issuer, which has the right to redeem the bond at the end of the fifth year, specifically on November 22, 2024. As of the date of this announcement, the Bank has exercised the redemption right and fully redeemed the bond.
In November, the MLF volume continued to shrink. Previously, the 500 billion buy-back reverse repurchase has released medium-term liquidity ahead of schedule. The industry expects the reserve requirement ratio cut to be implemented faster.
①The funding operation mode of shortening and lengthening funds continues. On the one hand, the central bank continues to reduce the MLF operations volume, reduce the existing stock to mitigate its impact on the liquidity market. On the other hand, short-term funds continue to be net injected to hedge against cross-month fund pressure, strengthening the guiding position of reverse repurchase agreements on market interest rates. ②Local government bonds are centrally supplied, and the MLF is likely to see a quicker implementation under the reduced volume environment.
jncec registered to issue the second medium-term notes in 2024.
jncec (00579) announced that the company has registered to issue the second phase of its medium-term notes for 2024 in the interbank market of the bank of china. The proceeds from this issuance will be used entirely to repay the interest-bearing debts of the company and its subsidiaries.
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