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SHA:601398

10 stories mentioning SHA:601398Updated just now

Every FINWIRES story that references SHA:601398, newest first.

Asia

ICBC Issues 50 Billion Yuan Tier 2 Capital Bonds

Industrial and Commercial Bank of China (SHA:601398, HKG:1398) issued Tier 2 capital bonds worth 50 billion yuan, according to a Hong Kong bourse disclosure on Monday.The bank's Shanghai shares dropped 2% during Tuesday's midday trade.The fixed-rate bond has an interest rate of 1.95% and a term of ten years, with the ICBC given the option to redeem the bond at the end of the fifth year.The proceeds of the issuance will be used to boost the bank's tier 2 capital.

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Asia

Industrial and Commercial Bank of China Completes Redemption of 70 Billion Yuan of Tier 1 Capital Bonds

Industrial and Commercial Bank of China (SHA:601398, HKG:1398) completed the full redemption of tier 1 capital bonds issued in 2021, according to a Wednesday filing with the Shanghai bourse.The bank issued 70 billion yuan of the tier 1 capital bonds from June 4 to 8, 2021, and the bonds were redeemable in full at face value at the dividend payment date on the fifth year of interest accrual.Shares rose 2% in Shanghai 1% in Hong Kong during afternoon trading on Wednesday.

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Asia

ICBC Completes 20 Billion Yuan Issuance of Undated Additional Tier 1 Capital Bonds

Industrial and Commercial Bank of China (SHA:601398, HKG:1398)has finalized the issuance of its 2026 Undated Additional Tier 1 Capital Bonds (Series 2) in the national interbank bond market.The bookrunning took place on June 4, with issuance completed by June 8, raising 20 billion yuan, according to a filing with the Hong Kong Stock Exchange.The bonds carry an initial distribution rate of 1.89% for the first five years, with adjustments every five years thereafter, and the bank holds conditional redemption rights starting from the fifth year.Proceeds will be used to replenish the bank's additional tier 1 capital, subject to regulatory approvals.

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Asia

ICBC Raises 60 Billion Yuan Via Bond Issue

Industrial and Commercial Bank of China (SHA:601398) raised 60 billion yuan via the issue of 10-year bonds with a coupon rate of 1.90%.Proceeds will be used to replenish capital, according to a Monday filing with the Shanghai bourse.

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Asia

Guocheng Mining Proposes Acquisition of Stake in Inner Mongolia Guocheng Industrial

Guocheng Mining (SHE:000688) proposed to acquire 40% of Inner Mongolia Guocheng Industrial, according to a Shenzhen bourse filing on Saturday.The Chinese mining company dropped 3% during Monday's afternoon trade.The stake will be bought from CITIC Trust.The company plans to apply for a loan amounting to 1.70 billion yuan with Industrial and Commercial Bank of China (HKG:1398, SHA:601398) to pay the consideration for the acquisition.

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Asia

ICBC Sells 50 Billion Yuan Bonds

Industrial and Commercial Bank of China (HKG:1398, SHA:601398) or ICBC completed the issue of 50 billion yuan of four-year bonds carrying an interest rate of 1.79%, according to a Wednesday Hong Kong bourse filing.The lender has a conditional redemption right at the end of the third year.The firm intends to use proceeds to improve its total loss-absorbing capacity.

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Asia

ICBC's Profit Rises 3% in Q1

Industrial and Commercial Bank of China (HKG:1398, SHA:601398) posted net profit attributable to equity holders of the parent of 86.9 billion yuan in the first quarter, up 3.3% from 84.2 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Earnings per share came in at 0.24 yuan from 0.23 yuan a year earlier.Operating income rose 8.5% to 222.0 billion yuan from 204.7 billion yuan in the prior-year period.

HKG:1398SHA:601398
Asia

ICBC Sells 30 Billion Yuan Bonds

Industrial and Commercial Bank of China (HKG:1398, SHA:601398) or ICBC completed the issue of 30 billion yuan of undated bonds in the National Interbank Bond Market, according to a Monday Hong Kong bourse filing.The bonds have a distribution rate of 2.01% during the first five years, after which it will be adjusted every five years.The firm will have conditional redemption rights on each distribution payment date from the fifth anniversary.The lender will use the proceeds to replenish its additional tier 1 capital.

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Asia

China Eastern Airlines Receives Commitment from ICBC for Stock Repurchase Loan Grant

China Eastern Airlines (SHA:600115, HKG:0670) received a letter of commitment from Industrial and Commercial Bank of China (HKG:1398, SHA:601398) for a 900-million yuan loan for the airline's stock repurchase program.The loan has a three-year term and will expire on the date the airline will sign a financing contract with ICBC, according to a Saturday filing with the Shanghai bourse.

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Asia

ICBC Sells 50 Billion Yuan Bonds

Industrial and Commercial Bank of China (HKG:1398, SHA:601398) completed the issue of 50 billion yuan of bonds in the National Interbank Bond Market, according to a Friday Hong Kong bourse filing.The tranche of bonds carries a fixed interest rate of 2% and will fall due in 10 years. The issue has a conditional redemption right at the end of the fifth year.The lender will use proceeds to boost its tier 2 capital.

HKG:1398SHA:601398

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