HSI1 23,881.06 -127.49 53.63B
HSCEI1 8,018.68 -38.08 16.54B
Back    Zoom +    Zoom - Block Traded
ICBC Completes Issuance of RMB60B Tier-2 Capital Bonds
2026-11-13 09:32:18
ICBC (01398.HK) announced that it recently completed the issuance of 2026 Tier-2 Capital Bonds (Series 7) in the national interbank bond market, with an issuance size of RMB60 billion, divided into two tranches.

Among them, tranche one is a 10-year fixed-rate bond with a conditional issuer redemption option at the end of the fifth year. The issuance size was RMB40 billion and the coupon rate was 1.77%. Tranche two is a 15-year fixed-rate bond with a conditional issuer redemption option at the end of the tenth year. The issuance size was RMB20 billion and the coupon rate was 1.96%.

The proceeds raised from the bonds, after deducting issuance expenses, will be used to replenish the bank's Tier-2 capital in accordance with applicable laws and approvals from regulatory authorities.
~

AASTOCKS Financial News
Website: www.aastocks.com