Recently, the Industrial And Commercial Bank Of China completed the issuance of the 2025 secondary capital bonds (Phase 1) (Bond Connect) in the national interbank bond market. The issuance size of this bond is 50 billion yuan, a 10-year fixed rate bond with a coupon rate of 2.05%, and it includes a conditional redemption right for the issuer at the end of the fifth year.The funds raised from this bond, after deducting issuance costs, will be used to replenish the secondary capital of the Industrial And Commercial Bank Of China, subject to applicable laws and regulatory approval.

Recently, the Industrial And Commercial Bank Of China completed the issuance of the 2025 secondary capital bonds (Phase 1) (Bond Connect) in the national interbank bond market. The issuance size of this bond is 50 billion yuan, a 10-year fixed rate bond with a coupon rate of 2.05%, and it includes a conditional redemption right for the issuer at the end of the fifth year.The funds raised from this bond, after deducting issuance costs, will be used to replenish the secondary capital of the Industrial And Commercial Bank Of China, subject to applicable laws and regulatory approval.