Summary by Moomoo AI
The Industrial and Commercial Bank of China Limited (the “Industrial and Commercial Bank”) announced on April 26, 2024 that it has fully redeemed RMB 450 billion Tier II Capital Notes (Phase II) issued from April 24 to 26, 2019. The bond is a 10-year fixed-rate variety with issuer conditional redemption at the end of the 5th year. The EIB exercised the right of redemption on the last day of the 5th year of the bond, in accordance with the provisions of the Bond Fundraising Manual. Board members include Executive Directors Liao Lin and Wang Jingwu, as well as other non-executive directors and independent non-executive directors.