Industrial and Commercial Bank of China completes RMB10 bn bond issuance

Industrial and Commercial Bank of China Limited announced the completion of its 2025 Total Loss-Absorbing Capacity Eligible Non-Capital Bonds (Series 1) (Bond Connect) in the National Interbank Bond Market. The issuance received approvals from relevant regulatory authorities.

The bonds, totaling RMB10 billion, are fixed-rate bonds with a 4-year term and a conditional redemption right by the issuer at the end of the third year. The interest rate for these bonds is 2.02%.

Proceeds from this issuance, after deducting related expenses, will be utilized to enhance the bank's total loss-absorbing capacity, in compliance with applicable laws and subject to the approval of competent authorities. The announcement was made on 24 October 2025.