By Cady Vishniac
Detroit, Jan. 21 – Industrial and Commercial Bank of China Ltd. issued RMB 30 billion of 4.15% tier 2 capital bonds with a 10-year maturity, according to a listing notice.
The bonds will be redeemable after five years.
Proceeds will be used to replenish the company’s tier 2 capital.
The lender is based in Beijing.
| Issuer: | Industrial and Commercial Bank of China Ltd.
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| Issue: | Tier 2 capital bonds
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| Amount: | RMB 30 billion
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| Tenor: | 10 years
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| Coupon: | 4.15%
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| Call option: | After five years
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| Announcement date: | Jan. 21
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