Ge Long Hui A P P·2025-11-10 10:20Core Viewpoint - Industrial and Commercial Bank of China (ICBC) has successfully issued its second tranche of perpetual capital bonds for 2025, with a total issuance size of RMB 40 billion, aimed at supplementing its other Tier 1 capital [1] Group 1: Bond Issuance Details - The bond issuance was approved by relevant regulatory authorities and completed on November 10, 2025 [1] - The bonds were recorded on November 6, 2025, with a fixed interest rate of 2.21% for the first five years, after which the rate will be adjusted every five years [1] - The issuer retains the conditional redemption right on each interest payment date starting from the fifth year [1] Group 2: Fund Utilization - The funds raised from this bond issuance will be used in accordance with applicable laws and regulatory approvals to enhance the bank's other Tier 1 capital [1]