Industrial and Commercial Bank of China (01398) completes the issuance of 2025 non-capital loss-absorbing bond (first tranche) (bond connect)

Industrial and Commercial Bank of China (01398) announced that, with the approval of the relevant regulatory authorities, the China Industrial and Commercial Bank of China Co., Ltd.'s 2025 Non-Capital Bonds (First Tranche) (Bond Connect) has been fully issued in the national interbank bond market recently. The issuance size of the bonds is RMB 10 billion, with a maturity of 4 years and a fixed interest rate. The issuer has the conditional redemption right at the end of the third year, and the coupon rate is 2.02%. The funds raised from this bond issuance, after deducting issuance expenses, will be used to enhance the total loss absorption capacity of the bank in accordance with applicable laws and regulatory approvals.