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China Merchants completes redemption of RMB 11.7 billion of bonds
By Mary-Katherine Stinson
Lexington, Ky., Dec. 29 – China Merchants Bank Co., Ltd. completed the full redemption of its 15-year subordinated bonds, according to a notice Thursday.
The bank exercised its optional redemption right on the 10th anniversary of the issuance of the bonds.
The bonds were issued on Dec. 28, 2012 in an original issue size of RMB 11.7 billion.
The commercial bank is based in Shenzhen, China.
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