ICBC completes RMB20.00 billion AT1 Bond Connect issuance at 1.89% coupon

Bulletin Express

Jul 10

Industrial and Commercial Bank of China Limited (ICBC) has finalised the issuance of its 2026 Undated Additional Tier 1 Capital Bonds (Series 3) in China’s National Interbank Bond Market via Bond Connect.

The transaction, which completed bookbuilding on 8 July 2026 and settled on 10 July 2026, raised RMB20.00 billion through perpetual bonds carrying an initial distribution rate of 1.89% for the first five years. The coupon will reset every five years thereafter.

ICBC retains a conditional call option, allowing redemption on any distribution payment date starting from the fifth anniversary, including the fifth distribution payment date.

Proceeds are earmarked exclusively for replenishing the bank’s additional tier 1 capital, as approved by the relevant regulatory authorities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1155767034"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1155767034\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1155767034?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-10 17:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1155767034","market":"us","top_or_hot":-1,"title":"ICBC completes RMB20.00 billion AT1 Bond Connect issuance at 1.89% coupon","media":"Bulletin Express","content":"<p>Industrial and Commercial Bank of China Limited (ICBC) has finalised the issuance of its 2026 Undated Additional Tier 1 Capital Bonds (Series 3) in China’s National Interbank Bond Market via Bond Connect.</p>\n<p>The transaction, which completed bookbuilding on 8 July 2026 and settled on 10 July 2026, raised RMB20.00 billion through perpetual bonds carrying an initial distribution rate of 1.89% for the first five years. The coupon will reset every five years thereafter.</p>\n<p>ICBC retains a conditional call option, allowing redemption on any distribution payment date starting from the fifth anniversary, including the fifth distribution payment date.</p>\n<p>Proceeds are earmarked exclusively for replenishing the bank’s additional tier 1 capital, as approved by the relevant regulatory authorities.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ICBC completes RMB20.00 billion AT1 Bond Connect issuance at 1.89% coupon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nICBC completes RMB20.00 billion AT1 Bond Connect issuance at 1.89% coupon\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-07-10 17:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Industrial and Commercial Bank of China Limited (ICBC) has finalised the issuance of its 2026 Undated Additional Tier 1 Capital Bonds (Series 3) in China’s National Interbank Bond Market via Bond Connect.</p>\n<p>The transaction, which completed bookbuilding on 8 July 2026 and settled on 10 July 2026, raised RMB20.00 billion through perpetual bonds carrying an initial distribution rate of 1.89% for the first five years. The coupon will reset every five years thereafter.</p>\n<p>ICBC retains a conditional call option, allowing redemption on any distribution payment date starting from the fifth anniversary, including the fifth distribution payment date.</p>\n<p>Proceeds are earmarked exclusively for replenishing the bank’s additional tier 1 capital, as approved by the relevant regulatory authorities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01398","symbol_name":"工商银行","start_time":0,"source_url":"","article_id":"1155767034","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155767034","pubTimestamp":1783676590,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Industrial and Commercial Bank of China Limited (ICBC) has finalised the issuance of its 2026 Undated Additional Tier 1 Capital Bonds (Series 3) in China’s National Interbank Bond Market via Bond...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01398":"工商银行"},"translate_title":"工商银行以1.89%的票面利率完成人民币200亿元AT1债券通发行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01398":1},"content_text":"Industrial and Commercial Bank of China Limited (ICBC) has finalised the issuance of its 2026 Undated Additional Tier 1 Capital Bonds (Series 3) in China’s National Interbank Bond Market via Bond Connect.\nThe transaction, which completed bookbuilding on 8 July 2026 and settled on 10 July 2026, raised RMB20.00 billion through perpetual bonds carrying an initial distribution rate of 1.89% for the first five years. The coupon will reset every five years thereafter.\nICBC retains a conditional call option, allowing redemption on any distribution payment date starting from the fifth anniversary, including the fifth distribution payment date.\nProceeds are earmarked exclusively for replenishing the bank’s additional tier 1 capital, as approved by the relevant regulatory authorities.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}