ICBC (01398) issued an announcement. From April 24 to 26, 2019, the bank issued a national interbank bond...
According to the Zhitong Finance App, ICBC (01398) issued an announcement. From April 24 to 26, 2019, the bank issued RMB 55 billion of second-tier capital bonds in the national interbank bond market, divided into two types. Among them, Type 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 is RMB 45 billion. The bank issued the “Notice Concerning the Completion of Issuance of 2019 Secondary Capital Bonds (Second Issue)” 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, and the bank has the right to fully redeem the current bond 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 bank has exercised the right of redemption and has redeemed the current bond in full.