Industrial Bank redeems 300 bn yuan undated capital bonds

Industrial Bank Co., Ltd. has exercised its conditional redemption right for its "Industrial Bank Co., Ltd. 2020 Undated Capital Bonds," issued in October 2020. The total issuance size of these bonds was 300 billion yuan.

According to the terms of the bond prospectus, the issuer had the option to redeem the bonds on the fifth interest payment date, which falls on October 15, 2025. The company confirmed it has received a reply from the National Financial Regulatory Administration, indicating no objection to the redemption.

As of the announcement date, Industrial Bank has fully exercised its redemption right, completing the full redemption of the bonds. This action was officially announced by the company's board of directors on October 16, 2025.