Jinshang Bank : ANNOUNCEMENT ON THE REDEMPTION OF TIER-TWO CAPITAL BONDS
August 24, 2020 at 12:32 pm
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JINSHANG BANK CO., LTD.*
晉商銀行股份有限公司 *
(A joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 2558)
ANNOUNCEMENT
ON THE REDEMPTION OF TIER-TWO CAPITAL BONDS
From August 19, 2015 to August 21, 2015, Jinshang Bank Co., Ltd.* (the "Bank") issued tier-two capital bonds (the "Bonds") in an amount of RMB2.0 billion with a term of 10 years. According to the relevant terms in the prospectus for the issuance of the Bonds, the Bonds are subject to the redemption option of the issuer, where the issuer has the right to redeem the Bonds at their nominal value on the last day of the fifth interest-bearing year, i.e. August 21, 2020.
As at the date of this announcement, the Bank has exercised the abovementioned redemption right and has redeemed the Bonds in full amount.
By order of the Board
JINSHANG BANK CO., LTD.*
TANG Yiping
Vice Chairman
Taiyuan, August 24, 2020
As at the date of this announcement, the executive Directors are Mr. WANG Junbiao, Mr. TANG Yiping, Mr. WANG Peiming and Mr. RONG Changqing; the non-executive Directors are Mr. LI Shishan, Mr. XIANG Lijun, Mr. LIU Chenhang, Mr. LI Yang and Mr. WANG Jianjun; and the independent non-executive Directors are Mr. JIN Haiteng, Mr. SUN Shihu, Mr. WANG Liyan, Mr. DUAN Qingshan, Mr. SAI Zhiyi and Mr. YE Xiang.
Jinshang Bank Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking/deposit-taking business in Hong Kong.
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Jinshang Bank Co. Ltd. published this content on 24 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2020 11:32:28 UTC
JINSHANG BANK CO., LTD. is a China-based company mainly engaged in banking business. The Company operates three segments. The Corporate Banking segment provides a range of financial products and services to corporations, government agencies and financial institutions, including corporate loans and advances, trade financing, deposit services, agency services, wealth management services, remittance and settlement services and others. The Retail Banking segment provides a range of financial products and services to retail customers, including personal loans, deposit services, personal wealth management services and remittance services. The Treasury segment is engaged in interbank lending transactions, repurchase transactions, interbank investments, bond investments and trading. The Company conducts its businesses in Shanxi, China.