Core Viewpoint - Industrial and Commercial Bank of China (ICBC) has successfully issued its second phase of perpetual bonds for 2025, raising a total of RMB 40 billion to supplement its Tier 1 capital [2] Group 1: Bond Issuance Details - The bond issuance was approved by relevant regulatory authorities and completed on November 10, 2025 [2] - The total issuance size of the bonds is RMB 40 billion, with a fixed interest rate of 2.21% for the first five years [2] - The interest rate will be adjusted every five years, and the issuer has the conditional redemption right on each interest payment date after the fifth year [2] 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 [2]

Core Viewpoint - Industrial and Commercial Bank of China (ICBC) has successfully issued its second phase of perpetual capital bonds for 2025, with a total issuance scale 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 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 to supplement ICBC's other Tier 1 capital, subject to applicable laws and regulatory approvals [1]