Ge Long Hui·2025-11-10 11:08Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) has successfully issued its second phase 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 was recorded on November 6, 2025, and the issuance was 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 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]