Industrial and Commercial Bank of China Limited has announced the completion of its 2026 Total Loss-Absorbing Capacity Non-Capital Bonds (Series 1) issuance through the Bond Connect program. The issuance recently concluded in the national interbank bond market following approval from relevant regulatory authorities. The bonds have a total issuance size of RMB 50 billion, structured as a 4-year fixed-rate instrument with a conditional issuer call option exercisable at the end of the third year. The coupon rate is set at 1.79%. After deducting issuance expenses, the proceeds will be used to enhance the bank's total loss-absorbing capacity, in accordance with applicable laws and regulatory approvals.
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