ICBC Completes RMB50.00 Billion TLAC-Eligible Bond Issue at 1.79% Coupon
Bulletin Express
Apr 29
Industrial and Commercial Bank of China Limited (ICBC) has finalized the issuance of its 2026 Total Loss-Absorbing Capacity (TLAC) Eligible Non-Capital Bonds (Series 1) through Bond Connect in the National Interbank Bond Market.
The transaction raised RMB50.00 billion via a 4-year fixed-rate tranche carrying a 1.79% coupon. The bonds include a conditional issuer call option at the end of the third year.
Net proceeds, after deducting offering expenses, will be applied to enhance ICBC’s TLAC in accordance with relevant laws and regulatory approvals.
The Board of Directors announced the completion of the offering on 29 April 2026.
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