Bank of Changsha redeems 6 bn yuan tier 2 capital bonds

Bank of Changsha Co., Ltd. announced the full redemption of its 2020 tier 2 capital bonds. These bonds, with an issuance size of 6 billion yuan, were originally issued between December 1 and December 3, 2020.

In accordance with the terms outlined in the prospectus for the bonds, the bank had a conditional redemption right. This right allowed the issuer to redeem all or part of the bonds on the last day of their fifth interest-accrual year, which was December 3, 2025.

As of the announcement date, the bank has fully exercised its redemption right, completing the full redemption of the bonds. This action demonstrates the bank's adherence to its financial commitments and proactive management of its capital structure.