Industrial and Commercial Bank of China (ICBC) announced that its 2024 Tier 2 capital bonds (second tranche) (Bond Connect) have recently been successfully issued in the national interbank bond market. The scale of this bond issuance reached RMB 40 billion, a 10-year fixed-rate bond with a condition call option exercisable by the issuer at the end of the 5th year, and a coupon rate set at 2.37%. The proceeds will be used to supplement ICBC's Tier 2 capital. The project has obtained approval from the relevant regulatory institutions. The announcement date was October 28, 2024, issued by the ICBC board of directors.

Industrial and Commercial Bank of China (ICBC) announced that its 2024 Tier 2 capital bonds (second tranche) (Bond Connect) have recently been successfully issued in the national interbank bond market. The scale of this bond issuance reached RMB 40 billion, a 10-year fixed-rate bond with a condition call option exercisable by the issuer at the end of the 5th year, and a coupon rate set at 2.37%. The proceeds will be used to supplement ICBC's Tier 2 capital. The project has obtained approval from the relevant regulatory institutions. The announcement date was October 28, 2024, issued by the ICBC board of directors.