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Industrial and Commercial Bank of China ( (HK:1398) ) has issued an update.
Industrial and Commercial Bank of China Limited has successfully completed the issuance of its 2025 Tier 2 Capital Notes (Series 2) in the National Interbank Bond Market, raising RMB50 billion. These 10-year fixed-rate notes, with an interest rate of 1.98% and a conditional redemption option at the end of the fifth year, will be used to enhance the bank’s tier 2 capital, strengthening its financial position and compliance with regulatory requirements.
More about Industrial and Commercial Bank of China
Industrial and Commercial Bank of China Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates in the banking industry, focusing on providing a wide range of financial services and products, including corporate and personal banking, treasury operations, and asset management.
YTD Price Performance: 18.50%
Average Trading Volume: 25,040
Technical Sentiment Signal: Sell
Current Market Cap: $331B
See more data about 1398 stock on TipRanks’ Stock Analysis page.
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