On December 19, Gelonghui reported that the Industrial And Commercial Bank Of China (01398.HK) announced that, with approval from the relevant regulatory authorities, its total loss-absorbing capacity non-capital green Bonds (Phase 1) has recently been issued in the national interbank bond market.

The issuance scale of this batch of Bonds is 10 billion yuan, with a 4-year fixed interest rate, featuring a conditional issuer redemption right at the end of the 3rd year, and a coupon rate of 1.76%.

The funds raised from this batch of Bonds, after deducting issuance costs, will be used according to applicable laws and approvals from the competent authorities to enhance the bank's total loss-absorbing capacity, targeting green industry projects specified in the "Directory of Projects Supported by Green Bonds (2021 Edition)".