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ICBC completes CNY 50bn tier 2 capital bond issuance

April 30, 2025 at 05:16 PM UTCBy FilingReader AI

Industrial and Commercial Bank of China (ICBC), stock code SSE:601398, announced the successful completion of its issuance of CNY 50 billion in Tier 2 capital bonds (Second Tranche) via Bond Connect. The issuance, approved by relevant regulatory bodies, occurred recently in the interbank bond market. These bonds have a 10-year fixed interest rate, with a provision for the issuer to redeem them conditionally at the end of the fifth year. The bonds carry a coupon rate of 1.98%. ICBC intends to use the proceeds, net of issuance expenses, to replenish its Tier 2 capital, subject to applicable laws and regulatory approvals.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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