工商银行(01398)完成发行400亿元无固定期限资本债券

Core Viewpoint - Industrial and Commercial Bank of China (ICBC) announced the issuance of perpetual bonds, aimed at supplementing its other Tier 1 capital, with a total issuance size of RMB 40 billion [1] Group 1: Bond Issuance Details - The second phase of the perpetual capital bonds will be completed on November 10, 2025 [1] - The initial coupon rate for the first five years is set at 2.21%, with adjustments every five years thereafter [1] - The issuer retains a conditional redemption right on each interest payment date starting from the fifth year [1] Group 2: Fund Utilization - Proceeds from the bond issuance will be used in accordance with applicable laws and regulatory approvals [1]