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Bank of Zhengzhou redeems 2B yuan of capital bonds

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Bank of Zhengzhou redeems 2B yuan of capital bonds

Bank of Zhengzhou Co. Ltd. redeemed 2 billion Chinese yuan of Tier 2 capital bonds.

The 10-year bonds were issued in December 2014, according to a Dec. 17 release.

As of Dec. 17, US$1 was equivalent to 7.00 Chinese yuan.