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Industrial and Commercial Bank of China ( (HK:1398) ) just unveiled an update.
Industrial and Commercial Bank of China has completed the issuance of a RMB50 billion tranche of 2026 total loss-absorbing capacity eligible non-capital bonds in China’s National Interbank Bond Market via Bond Connect. The four-year fixed-rate bonds, carrying a 1.79% coupon and an issuer redemption option at the end of year three, were launched with the approval of regulators and are intended to strengthen the bank’s total loss-absorbing capacity in line with regulatory requirements.
The proceeds, after deducting issuance expenses, will be used to bolster ICBC’s ability to absorb losses, supporting its balance-sheet resilience and compliance with evolving prudential standards. By enlarging its pool of TLAC-eligible instruments, the bank enhances its capacity to withstand stress events, which is relevant for creditors, investors and regulators overseeing systemic stability in China’s banking sector.
The most recent analyst rating on (HK:1398) stock is a Buy with a HK$8.00 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 Chinese commercial bank operating across corporate and retail banking, treasury services and interbank markets. Listed in Hong Kong under stock code 1398, it plays a central role in China’s financial system and regularly taps onshore bond markets to support its regulatory capital and loss-absorbing buffers.
Average Trading Volume: 210,998,021
Technical Sentiment Signal: Buy
Current Market Cap: HK$2952.4B
Learn more about 1398 stock on TipRanks’ Stock Analysis page.