Industrial and Commercial Bank of China Limited (the Bank) has completed the issuance of 2025 Total Loss-Absorbing Capacity Eligible Non-Capital Bonds (Series 1) (Bond Connect). The total issuance size is RMB10 billion.
The bonds have a fixed rate of 2.02%, with a maturity of four years and a conditional redemption option for the Bank at the end of the third year. According to the announcement, the proceeds will be used to enhance the Bank’s total loss-absorbing capacity, subject to regulatory approval.
The issuance concluded in the National Interbank Bond Market, with all applicable legal and regulatory requirements fulfilled as of 24 October 2025.