Industrial and Commercial Bank of China: The proposed issuance size of financial bonds in 2026 will not exceed 488 billion yuan or equivalent in foreign currency.

On November 8th, Industrial and Commercial Bank of China announced that, to support business development and enhance liability management capabilities, they propose to issue financial bonds for approval at the shareholders' meeting. The bank plans to issue financial bonds in the domestic and international markets, subject to applicable laws and regulations, market rules for listed securities, and any other relevant laws, regulations, and rules. The total amount of financial bonds issued by the bank group in 2026 shall not exceed 488 billion RMB or its equivalent in foreign currency, with the interest rate determined based on market rates.