Industrial And Commercial Bank Of China Limited (ICBC) has announced the completion of its 2026 Tier-2 Capital Bond (Second Tranche) issuance via the Bond Connect program. The issuance, which received the necessary regulatory approvals, was recently finalized in the national interbank bond market.

The bond issuance has a total scale of 60 billion yuan. It is structured as a 10-year fixed-rate bond with a conditional issuer call option at the end of the fifth year. The coupon rate for this issuance is set at 1.90%.

The net proceeds from this bond issuance, after deducting related expenses, will be used to replenish ICBC's Tier-2 capital, in accordance with applicable laws and regulatory approvals.