智通财经网·2025-08-15 08:41Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) has announced the redemption of its $2.9 billion offshore preferred shares, which has been approved by its board and received no objections from the financial regulatory authority [1] Group 1: Redemption Details - The redemption is scheduled for September 23, 2025, at a price that includes the liquidation preference amount and any unpaid dividends from the last payment date until the redemption date [1] - Payment for the redemption will be made in accordance with the terms and conditions of the preferred shares, through Euroclear Bank SA/NV and Clearstream Banking, S.A. [1] - After the redemption and cancellation of the existing offshore preferred shares, ICBC will have no outstanding offshore US dollar preferred shares [1] Group 2: Regulatory Compliance - The redemption has been reviewed and approved by the board of directors, and the financial regulatory authority has provided a no-objection letter [1] - ICBC will apply to the Hong Kong Stock Exchange for the delisting of the relevant offshore preferred shares following the redemption [1]