Industrial Bank Co.,Ltd. Issues Dual Bonds, Raising RMB 25 Billion in Total

Deep News12-01

On December 1, Industrial Bank Co.,Ltd. announced that, with the approval of the People's Bank of China, it successfully issued the third tranche of green financial bonds for 2025 in the national interbank bond market. The total issuance amounted to RMB 5 billion. These bonds feature a 3-year floating interest rate, with quarterly interest payments. The coupon rate is set at LPR minus 119 basis points, with an initial coupon rate of 1.81%. The proceeds will be exclusively allocated to green industry project loans.

On the same day, Industrial Bank Co.,Ltd. also disclosed the successful issuance of its first tranche of financial bonds for 2025, totaling RMB 20 billion. These bonds have a 3-year term with a fixed coupon rate of 1.84%. The funds raised will be used to meet asset-liability allocation needs, enhance funding sources, optimize liability duration structure, and support steady business development, in accordance with applicable laws and regulatory approvals.

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