Industrial and Commercial Bank of China: intends to issue '24 Industrial and Commercial Bank of China perpetual bond 01', with a subscription range of 2.10%-2.70%

On July 9th, Jinshi Data reported that Industrial and Commercial Bank of China announced that it plans to issue the ‘24 Industrial and Commercial Bank of China perpetual bond 01’ with a coupon interest rate of 2.10%-2.70%. The subscription period is from 9:00 to 18:00 on July 10th, 2024. The basic issuance size of this bond is 40 billion yuan. If the actual subscription multiple (total subscription amount/basic issuance size) α≥1.4, the issuer has the right to choose to exercise the over-allotment option, that is, to increase the issuance by no more than 10 billion yuan beyond the basic issuance size.