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ICBC's latest announcement: full redemption of subordinated bonds with a total face value of 50 billion yuan

author:Securities Star

ICBC announced that from December 29 to 30, 2011, the bank issued subordinated bonds with a scale of RMB50 billion in the national interbank bond market, and issued the Announcement on the Completion of the Issuance of Subordinated Bonds on December 30, 2011. According to the relevant provisions in the prospectus of the current bond, the Bank has the right to redeem the current bond in full at par value on the last day of the 10th interest bearing year of the current bond (that is, 30 December 2021). As at the date of the announcement, the Bank had exercised its right of redemption and redeemed in full the subordinated bonds with a total face value of RMB50 billion for the current period.

ICBC's latest announcement: full redemption of subordinated bonds with a total face value of 50 billion yuan

The chairman of the company is Chen Siqing. Chen Siqing: male, born in 1960, Chinese nationality. The Chairman and Executive Director have served as the Chairman and Executive Director of the Bank since May 2019. He joined Bank of China in 1990 and worked for Bank of China Hunan Branch for many years and was assigned to Central South Bank Hong Kong Branch as Assistant General Manager. He once served as the assistant president and vice president of the Fujian Branch of the Bank of China, the general manager of the risk management department of the head office, the president of the Guangdong Branch, and the vice president, president, vice chairman and chairman of the board of directors of the Bank of China. He was also the Chairman of BOC Aviation Limited and a non-executive director, vice chairman and chairman of BOCHK (Holdings) Limited. Graduated from Hubei Institute of Finance and Economics, he obtained a master's degree in business administration from Murdoch University in Australia, a certified public accountant, and a senior economist.

This article is compiled by the Securities Star Data Center based on publicly available data and does not constitute investment opinions or suggestions, if you have any questions, please contact us.

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