ICBC Fully Redeems RMB30 Billion Tier 2 Capital Bonds
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Industrial and Commercial Bank of China ( (HK:1398) ) has shared an update.
Industrial and Commercial Bank of China Limited has fully redeemed its RMB30 billion tier 2 capital bonds issued in the National Interbank Bond Market in January 2021. Exercising its issuer redemption option, the bank repaid the bonds at face value on 21 January 2026, the last day of the fifth interest accrual year, a move that may reflect active capital management and could influence its regulatory capital structure and funding profile.
The most recent analyst rating on (HK:1398) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on Industrial and Commercial Bank of China stock, see the HK:1398 Stock Forecast page.
More about Industrial and Commercial Bank of China
Industrial and Commercial Bank of China Limited (ICBC) is a major Chinese joint stock commercial bank headquartered in Beijing and listed in Hong Kong. It operates as a large-scale financial institution providing comprehensive banking and financial services, with a focus on both domestic and international markets.
Average Trading Volume: 204,486,770
Technical Sentiment Signal: Buy
Current Market Cap: HK$2823.4B
For an in-depth examination of 1398 stock, go to TipRanks’ Overview page.
