Industrial and Commercial Bank of China (01398) completed the issuance of the 2026 non-fixed-term capital bonds (First Tranche) (Bond Connect).

The Industrial and Commercial Bank of China (01398) announced that, with the approval of relevant regulatory authorities, the Industrial and Commercial Bank of China Limited (the Bank) issued its 2026 perpetual capital bonds (first tranche) (Bond Connect) on the national interbank bond market recently. The bonds were recorded on April 16, 2026 and completed issuance on April 20, 2026. The issuance size was RMB 30 billion, with a fixed interest rate of 2.01% for the first 5 years, and adjustable every 5 years. The issuer has the conditional redemption right after the 5th year on each interest payment date.