ICBC Raises RMB50 Billion via Tier 2 Bond to Bolster Capital

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2026.04.10 10:44
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Industrial and Commercial Bank of China (ICBC) has raised RMB50 billion through the issuance of 2026 Tier 2 Capital Notes (Series 1) in the National Interbank Bond Market. The 10-year fixed-rate notes carry a 2.00% coupon and allow for conditional redemption after five years. The funds will enhance ICBC's Tier 2 capital to meet regulatory requirements, supporting its balance sheet and future growth. The current analyst rating for ICBC stock (HK:1398) is a Hold with a price target of HK$7.50.