Industrial and Commercial Bank of China (01398) completes issuance of 2026 Loss Absorption Capacity non-capital bonds (first tranche) (Bond Connect)

The Industrial and Commercial Bank of China (01398) issued a notice, and with the approval of the relevant regulatory authorities, the Industrial and Commercial Bank of China Limited's 2026 Non-Capital Bonds (First Tranche) has been recently issued on the national interbank bond market. The bond issue size for this period is 50 billion RMB, with a 4-year fixed interest rate, and a conditional redemption right for the issuer at the end of the 3rd year, with a face interest rate of 1.79%. The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss-absorbing capacity in accordance with applicable laws and approvals from regulatory authorities.