Industrial & Commercial Bank of China Ltd. redeemed 20 billion yuan of Tier 2 capital bonds.
The bonds were issued Aug. 6, 2014. The bank fully redeemed the bonds Aug. 5.
As of Aug. 5, US$1 was equivalent to 7.05 Chinese yuan.
Industrial & Commercial Bank of China redeems 20B yuan of bonds
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Industrial & Commercial Bank of China Ltd. redeemed 20 billion yuan of Tier 2 capital bonds.
The bonds were issued Aug. 6, 2014. The bank fully redeemed the bonds Aug. 5.
As of Aug. 5, US$1 was equivalent to 7.05 Chinese yuan.