ICBC Concludes 600 Billion Yuan Subordinated Bond Issuance
Deep News
Aug 20
On August 20, Industrial And Commercial Bank Of China Limited announced that its 2026 Subordinated Bond (Tranche 5) (Bond Connect) has been fully issued on the interbank bond market, following regulatory approval.
The bond issuance reached a total scale of 60 billion yuan, structured as a 10-year fixed-rate instrument with an embedded issuer call option exercisable at the end of year five. The coupon rate is set at 1.81%.
Net proceeds from the issuance, after deducting associated expenses, are designated to bolster the bank's tier-2 capital, in accordance with applicable laws and regulatory approvals.
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