Industrial and Commercial Bank of China announced that with the approval of the Bank of China Ltd. Insurance Regulatory Commission and the people's Bank of China, the Bank issued the "China Industrial and Commercial Bank of China Co., Ltd. 2021 Open-ended Capital Bond (second issue)" in the national interbank bond market. And complete the bond registration and custody in the Central National debt Registration and Clearing Co., Ltd. The current issue was recorded on November 24, 2021 and completed on November 26, 2021. The current bond issue is RMB 30 billion yuan, with a coupon rate of 3.65% in the first five years, adjusted every five years, and a conditional redemption right of the issuer in the fifth year and every interest payment date after that. The funds raised in the current issue of bonds will be used to supplement other tier one capital of the Bank in accordance with applicable laws and regulatory approvals.
The chairman of the company is Chen Siqing. Chen Siqing: male, born in 1960, Chinese nationality. The chairman and executive director have been the chairman and executive director of the Bank since May 2019. He joined Bank of China Ltd. in 1990 and worked in Bank of China Ltd. Hunan Branch for many years and was assigned to Central South Bank Hong Kong Branch as Assistant General Manager. He once served as assistant and vice president of Bank of China Ltd. Fujian branch, general manager of risk management department of head office, president of Guangdong branch, vice president, vice president, vice chairman and chairman of board of directors. He was also the chairman of Bank of China Aviation Leasing Co., Ltd., and the non-executive director, vice chairman and chairman of BOC Hong Kong (Holdings) Limited (Holdings) Co., Ltd. Graduated from Hubei Institute of Finance and Economics, received a master's degree in business administration from Murdock University in Australia, certified public accountant, senior economist.
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