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Industrial and Commercial Bank of China ( (HK:1398) ) just unveiled an announcement.
Industrial and Commercial Bank of China has completed the issuance of its 2026 Tier 2 Capital Notes (Series 1) via the National Interbank Bond Market under the Bond Connect scheme. The issue amounts to RMB50 billion of 10-year fixed-rate notes, carrying a 2.00% coupon and granting the bank a conditional redemption option at the end of year five.
Proceeds, after deducting issuance expenses, will be used to strengthen the bank’s Tier 2 capital in line with regulatory approvals and applicable laws. The transaction underscores ICBC’s continued focus on capital optimisation and regulatory capital adequacy, reinforcing its balance sheet resilience and supporting future business growth and risk-bearing capacity.
The most recent analyst rating on (HK:1398) stock is a Hold with a HK$7.50 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 incorporated in the People’s Republic of China and listed in Hong Kong. It operates as a universal bank, providing a broad range of retail and corporate banking services and serving domestic and international clients across lending, deposit-taking, and capital markets activities.
Average Trading Volume: 208,455,280
Technical Sentiment Signal: Buy
Current Market Cap: HK$2864.7B
For a thorough assessment of 1398 stock, go to TipRanks’ Stock Analysis page.