Gelonghui, April 26, 丨 Industrial and Commercial Bank of China (01398.HK) announced that from April 24 to 26, 2019, Industrial and Commercial Bank of China Co., Ltd. issued RMB 55 billion of second-tier capital bonds in the national interbank bond market, divided into two types. Among them, Class 1 bonds (“current bonds”) are 10-year fixed interest rate varieties with conditional issuer redemption rights at the end of the 5th year, and the issuance scale was RMB 45 billion.
The “Notice Concerning the Completion of Issuance of 2019 Tier 2 Capital Bonds (Second Issue)” was issued on April 26, 2019. According to the relevant regulations in the current bond offering instructions, the issuer has the right to redeem the current bond in full at face value on the last day of the 5th interest-bearing year of the current bond (that is, April 26, 2024). As of the date of this announcement, the right of redemption has been exercised, and the current bond has been redeemed in full.