With the approvals of relevant regulatory authorities, the issuance of Industrial and Commercial Bank of China Limited (the "Bank") 2025 Undated Additional Tier 1 Capital Bonds (Series 1) (Bond Connect) (the "Bonds") in the National Interbank Bond Market has recently been completed. The date of book running of the Bonds was 9 May 2025 and the issuance was completed on 13 May 2025. The issuance size of the Bonds is RMB 40 billion.
The distribution rate is 1.97% during the first five years, and will be adjusted every 5 years. The issuer shall have the conditional redemption rights on each distribution payment date from the fifth anniversary (including the fifth distribution payment date).
