Industrial and Commercial Bank of China (HK:1398) has released an update.
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The Industrial and Commercial Bank of China has successfully completed the issuance of its 2024 Tier 2 Capital Notes, raising RMB40 billion at a fixed interest rate of 2.37%. These notes, part of the National Interbank Bond Market, offer a conditional redemption option after five years. The proceeds will enhance the bank’s Tier 2 capital, supporting its financial stability and growth.
For further insights into HK:1398 stock, check out TipRanks’ Stock Analysis page.
