ICBC Issues 40 Billion Yuan Worth of 10-Year Bonds

MT Newswires Live

2024/10/28

Industrial and Commercial Bank of China or ICBC (HKG:1398, SHA:601398) issued 40 billion yuan of 2.37% bonds falling due in 10 years in the National Interbank Bond Market, a Monday bourse filing said.

The bonds have a conditional redemption right by the issuer at the end of the fifth year.

The lender will use proceeds from the issue to boost its tier 2 capital.

Price (HKD): $4.70, Change: $-0.040, Percent Change: -0.84%

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