Postal Savings Bank of China (HKG:1658, SHA:601658) or PSBC redeemed 50 billion yuan worth of Tier 2 capital bonds, according to a Tuesday filing with the Shanghai Stock Exchange.
The 10-year bonds represented the first tranche of a 60 billion yuan Tier 2 capital bond tranche issued in August 2021.
The lender had the right to redeem the bonds at the end of the fifth year, exercising that option to fully redeem the 50 billion yuan portion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.