Bank of China Ltd. has redeemed 30 billion yuan of Tier 2 capital bonds.
The 10-year fixed interest rate bonds were issued in August 2014, according to an Aug. 12 release.
As of Aug. 12, US$1 was equivalent to 7.06 Chinese yuan.
Bank of China redeems 30B yuan of capital bonds
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Bank of China Ltd. has redeemed 30 billion yuan of Tier 2 capital bonds.
The 10-year fixed interest rate bonds were issued in August 2014, according to an Aug. 12 release.
As of Aug. 12, US$1 was equivalent to 7.06 Chinese yuan.