Core 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]

Core Viewpoint - Industrial and Commercial Bank of China (ICBC) has successfully issued its second phase of perpetual capital bonds for 2025, amounting to 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 in the interbank bond market [1] - The bonds were recorded on November 6, 2025, and the issuance was finalized 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] Group 2: Use of Proceeds - The funds raised from this bond issuance will be utilized in accordance with applicable laws and regulatory approvals to enhance the bank's other Tier 1 capital [1]

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]

Core 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]

Core Viewpoint - Agricultural Bank of China (601288) has successfully issued the second phase of perpetual capital bonds, raising a total of RMB 40 billion, with a fixed interest rate for the first five years set at 2.27% [1] Group 1: Bond Issuance Details - The total issuance scale of the bonds is RMB 40 billion [1] - The coupon rate for the first five years is 2.27%, with adjustments every five years thereafter [1] - The issuer has a 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 to supplement the bank's other Tier 1 capital [1]

Core Viewpoint - Agricultural Bank of China (01288) has successfully issued its second tranche of perpetual capital bonds on October 30, 2025, with a total issuance size of RMB 40 billion [1] Group 1: Bond Issuance Details - The bond issuance scale is RMB 40 billion [1] - The coupon rate for the first five years is set at 2.27%, with adjustments every five years thereafter [1] - The issuer has a conditional redemption right on each interest payment date starting from the fifth year [1] Group 2: Use of Proceeds - The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital [1]