BQD Fully Redeems RMB2.00 Billion Tier-Two Capital Bonds
Bulletin Express
May 29
Bank of Qingdao Co., Ltd. (BQD) has exercised its issuer redemption right and fully redeemed its previously issued tier-two capital bonds totaling RMB2.00 billion.
The bonds were originally issued between 26 May 2021 and 28 May 2021 in China’s national inter-bank bond market. According to the prospectus, BQD retained the option to redeem the securities in full at face value on the last day of the interest-bearing year with an early-redemption provision—28 May 2026.
With the completion of the redemption, the bonds are now fully retired from the market. The decision was approved by the board chaired by Jing Zailun, as confirmed in the announcement dated 29 May 2026.
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