Industrial Bank Co., Ltd. (601166.SH) Shanghai Free Trade Zone Branch intends to issue a 3-year RMB magnolia bond with an expected issuance rating of Baa2.

Industrial Bank Co., Ltd. (referred to as "Industrial Bank" 601166.SH) Shanghai Free Trade Zone Branch plans to issue Reg S, 3-year, senior unsecured Magnolia Bonds denominated in RMB.