ICBC (1398) Announces Full Redemption of RMB30 Billion Tier 2 Capital Bonds

Bulletin Express01-21 17:23

Industrial and Commercial Bank of China Limited (ICBC, stock code: 1398) issued RMB30 billion in tier 2 capital bonds in the National Interbank Bond Market from 19 to 21 January 2021. According to the issuance prospectus, the bonds carried a redemption option on the last day of the fifth interest accrual year, 21 January 2026. The issuer exercised this option and completed a full redemption of the bonds at face value.

As at the date of the announcement, the Board of Directors comprises Mr. LIAO Lin, Mr. LIU Jun, Mr. DUAN Hongtao, and Mr. WANG Jingwu as executive directors, Ms. CAO Liqun, Mr. DONG Yang, and Ms. ZHONG Mantao as non-executive directors, and Mr. Norman CHAN Tak Lam, Mr. Herbert WALTER, Mr. Murray HORN, Mr. CHEN Guanting, Mr. LI Weiping, and Mr. LEE Kam Hung Lawrence as independent non-executive directors.

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