ICBC Raises 60 Billion Yuan Via Bond Issue

MT Newswires Live05-26

Industrial and Commercial Bank of China (SHA:601398) raised 60 billion yuan via the issue of 10-year bonds with a coupon rate of 1.90%.

Proceeds will be used to replenish capital, according to a Monday filing with the Shanghai bourse.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment