---
title: "ICBC Raises RMB30 Billion Through Additional Tier 1 Bond Issuance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283337729.md"
description: "Industrial and Commercial Bank of China (ICBC) has successfully raised RMB30 billion through the issuance of its 2026 Undated Additional Tier 1 Capital Bonds. The bonds, approved by regulators, feature a 2.01% distribution rate for the first five years, with proceeds aimed at enhancing the bank's capital adequacy and loss-absorbing capacity. The issuance reflects ICBC's strategy to leverage capital markets for strengthening its balance sheet. Analysts currently rate ICBC stock as a Buy with a target price of HK$8.00."
datetime: "2026-04-20T10:45:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283337729.md)
  - [en](https://longbridge.com/en/news/283337729.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283337729.md)
---

# ICBC Raises RMB30 Billion Through Additional Tier 1 Bond Issuance

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Industrial and Commercial Bank of China ( (HK:1398) ) has issued an announcement.

Industrial and Commercial Bank of China Limited has completed the issuance of its 2026 Undated Additional Tier 1 Capital Bonds (Series 1) via Bond Connect in China’s National Interbank Bond Market. The offering, approved by relevant regulators, underscores the bank’s active use of capital markets to support its balance sheet and regulatory capital structure.

The bonds, which were book-run on 16 April 2026 and settled on 20 April 2026, raised RMB30 billion at a 2.01% distribution rate for the first five years, subject to rate adjustment every five years thereafter. Proceeds will be used to replenish the bank’s additional Tier 1 capital, enhancing its loss-absorbing capacity and capital adequacy, while the issuer retains conditional redemption rights from the fifth anniversary on each distribution payment date.

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 state-owned commercial bank incorporated in the People’s Republic of China and listed in Hong Kong. It operates as a leading lender and financial services provider, with a significant presence in domestic and international capital markets, including the National Interbank Bond Market in China.

**YTD Price Performance:** 11.13%

**Average Trading Volume:** 207,476,903

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$2930.3B

Learn more about 1398 stock on TipRanks’ Stock Analysis page.

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