ICBC (01398.HK): Completes Issuance of Phase 4 2026 Tier 2 Capital Bonds Worth RMB 60 Billion

NewTimeSpace News: On 13 July 2026, Industrial and Commercial Bank of China (01398.HK) issued an announcement that Phase 4 2026 Tier 2 Capital Bonds (Bond Connect) have been fully issued on the National Interbank Bond Market.

The total issuance size of this tranche of bonds is RMB 60 billion. They are 10-year fixed-rate bonds with a conditional issuer call right exercisable at the end of the fifth year and carry a coupon rate of 1.88%. Net proceeds after deducting issuance costs will be used to replenish the Bank’s Tier 2 Capital in compliance with applicable laws and approvals from competent authorities.

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