Lates News

ICBC announced that the company will exercise its redemption rights to redeem all outstanding 2.45% initial annual interest rate, $2 billion USD Tier 2 capital bonds due in 2030 on June 24, 2025. The redemption will include the principal amount and any unpaid interest due up to the redemption date. After the redemption is completed, the bonds will no longer have any outstanding balance, and the company will apply for delisting from the Hong Kong Stock Exchange. The China Banking Regulatory Commission has no objections to this redemption, and all conditions for exercising the redemption rights have been met.