Industrial and Commercial Bank of China (ICBC, 01398.HK) completes issuance of 60 billion yuan Tier 2 capital bonds.

The iFeng Finance APP reported that the Industrial and Commercial Bank of China (01398.HK) has announced that its second-tier capital bonds due in 2026 (second tranche) have recently been successfully issued in the national interbank bond market. The size of this bond issuance is 60 billion Chinese Yuan, with a variety of 10-year fixed-rate bonds, containing the issuer's conditional redemption right at the end of the fifth year, and a coupon rate of 1.90%. The funds raised from this bond issuance, after deducting issuance costs, will be used to supplement the bank's second-tier capital in accordance with applicable laws and regulations.