Wuxi Rural Commercial Bank redeems RMB 1.5 bn perpetual bonds

Wuxi Rural Commercial Bank Co., Ltd. announced the full redemption of its perpetual capital bonds. These bonds, totaling RMB 1.5 billion, were issued in the national interbank bond market in December 2020.

According to the terms of the bond offering circular, the bank held a conditional redemption right exercisable on the last day of the fifth interest accrual year, which was December 25, 2025.

As of the date of this announcement, and with the approval of the Jiangsu Regulatory Bureau of the National Financial Regulatory Administration, the bank has exercised this redemption right and fully repaid the outstanding bonds.