Industrial and Commercial Bank of China (01398.HK) has fully redeemed 90 billion yuan of Tier II capital bonds.

China Securities News APP news, Industrial and Commercial Bank of China (01398.HK) announced that in September and November 2020, the bank issued two tranches of 10-year fixed-rate capital bonds with a total size of RMB 90 billion in the national interbank bond market. The bank has the right to redeem the above bonds in full on the last day of the fifth interest calculation year of the above bonds (i.e., September 24, 2025 and November 16, 2025). As of the date of this announcement, the bank has exercised the redemption right and redeemed the above bonds in full.