Industrial and Commercial Bank of China (01398) completes issuance of 60 billion yuan subordinated capital bonds.
Industrial and Commercial Bank of China (ICBC) (01398) announced that the bank's 2026 Subordinated Capital Bonds (Second Tranche) (Bond Connect) have been successfully issued in the national interbank bond market recently. The issuance size of this tranche is RMB 60 billion, with a variety of 10-year fixed-rate bonds, and a conditional redemption right at the end of the fifth year, with a coupon rate of 1.90%. The funds raised from this tranche of bonds, after deducting issuance costs, will be used to supplement the bank's subordinated capital in accordance with applicable laws and regulatory approvals.
Industrial and Commercial Bank of China (01398) announced that the bank's 2026 Tier 2 capital bonds (second tranche) have been successfully issued in the national interbank bond market recently. The total issuance size of this bond is 60 billion RMB, with a 10-year fixed interest rate, and the issuer has the conditional redemption right at the end of the fifth year. The bond has a coupon rate of 1.90%. After deducting the issuance costs, the funds raised from this bond issuance will be used to supplement the bank's Tier 2 capital in accordance with applicable laws and regulatory approvals.
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