Industrial and Commercial Bank of China Completes Redemption of 70 Billion Yuan of Tier 1 Capital Bonds

MT Newswires Live

06/10

Industrial and Commercial Bank of China (SHA:601398, HKG:1398) completed the full redemption of tier 1 capital bonds issued in 2021, according to a Wednesday filing with the Shanghai bourse.

The bank issued 70 billion yuan of the tier 1 capital bonds from June 4 to 8, 2021, and the bonds were redeemable in full at face value at the dividend payment date on the fifth year of interest accrual.

Shares rose 2% in Shanghai 1% in Hong Kong during afternoon trading on Wednesday.

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