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Industrial and Commercial Bank of China ( (HK:1398) ) has shared an announcement.
Industrial and Commercial Bank of China Limited has completed the issuance of its 2026 Tier 2 Capital Notes (Series 2) via Bond Connect in China’s National Interbank Bond Market. The offering, sized at RMB60 billion, consists of 10-year fixed-rate notes carrying a 1.90% coupon and includes an issuer call option at the end of the fifth year.
Net proceeds from the transaction will be used to strengthen the bank’s Tier 2 capital base in line with applicable regulations and regulatory approvals. The deal underscores ICBC’s ongoing efforts to reinforce capital adequacy, supporting its balance-sheet resilience and lending capacity while maintaining its position as a leading player in China’s banking sector and the domestic bond market.
The most recent analyst rating on (HK:1398) stock is a Buy with a HK$7.70 price target. To see the full list of analyst forecasts on Industrial and Commercial Bank of China stock, see the HK:1398 Stock Forecast page.
More about Industrial and Commercial Bank of China
Industrial and Commercial Bank of China Limited is a major state-owned commercial bank in the People’s Republic of China, serving retail, corporate, and institutional clients. Listed in Hong Kong under stock code 1398, it plays a central role in China’s financial system and regularly taps domestic and cross-border bond markets for regulatory capital funding.
YTD Price Performance: 12.00%
Average Trading Volume: 222,073,496
Technical Sentiment Signal: Buy
Current Market Cap: HK$2826.8B
Learn more about 1398 stock on TipRanks’ Stock Analysis page.