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Bank of Ningbo redeems 10B yuan of convertible bonds

Bank of Ningbo Co. Ltd. redeemed 10 billion yuan of convertible bonds that it issued in December 2017.

The notes were redeemed Aug. 22 and are set to be delisted from the Shenzhen Stock Exchange Aug. 30.

As of Aug. 30, US$1 was equivalent to 7.15 Chinese yuan.