CITIC Financial Announces Early Redemption of Structured Bonds from Hong Kong Branch
CITIC Financial (2891) announced today (4th) that its wholly-owned subsidiary, CITIC Trust Commercial Bank's Hong Kong branch, will conduct an early redemption of a 12-month US dollar-denominated structured bond linked to a basket of equities due to triggering of early exit conditions. This event occurred on July 4, and the principal amount of the bonds will be fully repaid.
CITIC Financial's announcement reveals that the structured bonds issued by its Hong Kong branch will undergo early exit and will fully repay the principal.
