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Bank of Communications redeems US$1.2M of Tier 2 capital bonds

Bank of Communications Co. Ltd. redeemed US$1.2 million of Tier 2 capital bonds.

The instruments were canceled following the redemption. The bonds will also be withdrawn from the Hong Kong stock exchange, with effect from Oct. 11, according to an Oct. 3 release.

The bonds were issued in October 2014 and were originally due in 2024.