Industrial and Commercial Bank of China (HK:1398) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Industrial and Commercial Bank of China has successfully issued RMB10 billion in green bonds, enhancing its total loss-absorbing capacity. These bonds, which have a fixed interest rate of 1.76% and a term of four years, will support green industry projects as outlined in the 2021 Green Bond Endorsed Projects Catalogue. This move underscores the bank’s commitment to sustainable finance and strengthening its financial resilience.
For further insights into HK:1398 stock, check out TipRanks’ Stock Analysis page.
