Bank of Suzhou to redeem "Suxing bonds"

Bank of Suzhou [SZSE: 002966] announced it will fully redeem its "Suxing Convertible Bonds" (127032.SZ) at a price of 101.35 yuan per bond. The redemption was triggered as the bank's stock price remained above 130% of the conversion price for 15 trading days. Trading of the bonds will cease on March 4, 2025, and conversion will stop on March 7, 2025. Bondholders must convert their bonds by March 6, 2025, to avoid redemption. After the redemption, "Suxing Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. The bank will deposit funds with China Securities Depository and Clearing Corporation (CSDC) by March 12, 2025, with redemption payments to bondholders expected by March 14, 2025.