On December 19, Gelonghui reported that the Industrial And Commercial Bank Of China (601398.SH) announced that, with the approval of relevant regulatory authorities, the bank's total loss-absorbing capacity non-capital green Bonds (Phase I) (Bond Connect) (referred to as the current Bonds) has recently been fully issued in the national interbank bond market.
The issuance scale of the current Bonds is 10 billion yuan, with a 4-year fixed-rate Bond featuring a conditional issuer redemption right at the end of the third year, and a coupon rate of 1.76%. After deducting issuance costs, the funds raised from the current Bonds will, in accordance with applicable laws and subject to the approval of competent authorities, be used to enhance the bank's total loss-absorbing capacity and will be directed to green industry projects as specified in the "Catalog of Projects Supported by Green Bonds (2021 Edition)".
