Summary by Futu AI
Recently, the Industrial And Commercial Bank Of China completed the issuance of 2024 total loss-absorbing capacity non-capital green bonds (Phase 1) (Bond Connect) in the national interbank bond market. The issuance size of this bond is 10 billion yuan, with a fixed interest rate bond for a period of 4 years, featuring a conditional issuer redemption right at the end of the 3rd year, and a coupon rate of 1.76%. The raised funds, after deducting issuance costs, will be used to enhance the total loss-absorbing capacity of the Industrial And Commercial Bank Of China, and will be invested in green industry projects specified in the "Green Bond Support Project Catalog (2021 Edition)." This bond issuance helps the Industrial And Commercial Bank Of China optimize its capital structure while also supporting the development of the green industry.
Comment(0)
Reason For Report