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China Construction Bank to redeem 2B yuan of Tier 2 bonds

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China Construction Bank to redeem 2B yuan of Tier 2 bonds

China Construction Bank Corp. intends to redeem on Nov. 12 all outstanding 2 billion yuan of 4.90% Tier 2 capital bonds due 2024.

The bonds will be redeemed at their principal amount, together with accrued interest up to, but excluding, the redemption date.

As of Oct. 7, US$1 was equivalent to 7.15 yuan.