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ICBC (01398.HK) Mulls Issuing Up to RMB80B Capital Replenishment Instruments
ICBC (01398.HK) (601398.SH) announced that the Board approved the Proposal on the Issuance of Undated Additional Tier 1 Capital Bonds and Eligible Tier 2 Capital Instruments, where...
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ICBC (01398.HK) Mulls Issuing Up to RMB80B Capital Replenishment Instruments
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2020/01/08 08:11
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ICBC (01398.HK) (601398.SH) announced that the Board approved the Proposal on the Issuance of Undated Additional Tier 1 Capital Bonds and Eligible Tier 2 Capital Instruments, whereby the Bank’s proposed issuance of new capital instruments up to RMB80 billion equivalent was approved.

Among which the undated additional tier 1 capital bonds in foreign currency in an amount of RMB40 billion equivalent issued in the offshore market shall be applied to replenish additional tier 1 capital of the Bank.
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