Industrial & Commercial Bank of China (ICBC) Issues $4.1 Billion of Total Loss-Absorbing Bonds in 2 New Bond Issues with $1.3 Billion 4-Year Fixed Rate Bond & $2.7 Billion 6-Year Fixed Rate Bond with Minimum $1.4 Million Subscription, ICBC is First China Global Systemically Important Bank to Issue Total Loss-Absorbing Bond, 5 Banks are Agricultural Bank of China, Bank of China, China Construction Bank, ICBC & Bank of Communications
17th May 2024 | Hong Kong
Industrial & Commercial Bank of China (ICBC) is issuing $4.1 billion (CNY 30 billion) of Total Loss-Absorbing Bonds in 2 new bond issues, with a $1.3 billion (CNY 10 billion) 4-year fixed rate bond and a $2.7 billion (CNY 20 billion) 6-year fixed rate bond with minimum $1.4 million (CNY 10 million) subscription. ICBC is the first China Global Systemically Important Bank to issue a Total Loss-Absorbing Bond. The 5 Global Systemically Important Banks are Agricultural Bank of China, Bank of China, China Construction Bank, ICBC & Bank of Communications.
“ Industrial & Commercial Bank of China (ICBC) Issues $4.1 Billion of Total Loss-Absorbing Bonds in 2 New Bond Issues with $1.3 Billion 4-Year Fixed Rate Bond & $2.7 Billion 6-Year Fixed Rate Bond with Minimum $1.4 Million Subscription, ICBC is First China Global Systemically Important Bank to Issue Total Loss-Absorbing Bond, 5 Banks are Agricultural Bank of China, Bank of China, China Construction Bank, ICBC & Bank of Communications “
Industrial & Commercial Bank of China (ICBC) Issues $4.1 Billion of Total Loss-Absorbing Bonds in 2 New Bond Issues with $1.3 Billion 4-Year Fixed Rate Bond & $2.7 Billion 6-Year Fixed Rate Bond with Minimum $1.4 Million Subscription, ICBC is First China Global Systemically Important Bank to Issue Total Loss-Absorbing Bond, 5 Banks are Agricultural Bank of China, Bank of China, China Construction Bank, ICBC & Bank of Communications
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