From March 1 to March 2, 2021, Industrial and Commercial Bank of China (ICBC) will distribute three-year and five-year China Development Bank (CDB) “Petal” financial bonds themed in the coordinated development of the Beijing-Tianjin-Hebei region among personal and corporate customers in the OTC market. The funds raised will be mainly used as lending to the Beijing-Tianjin-Hebei region.

The three-year Petal Bond’s full name is the second tranche of CDB Bond in 2021, a re-issued fixed-rate coupon bond coded 210202, with a coupon rate of 2.98%, reissuance price of RMB100.24/RMB100 par value, and yield to maturity of 3.0525% in reference. The five-year Petal Bond’s full name is the third tranche of CDB Bond in 2021, a newly issued fixed-rate coupon bond coded 210203. Its coupon rate is 3.30%, and it is issued at a price of RMB100.00/RMB100 par value. Personal and corporate customers can purchase the bonds via ICBC e-banking and domestic outlets, and especially enjoy around-the-clock trading service on working days during the issue period via e-banking. In addition to sharing the same advantages of high security, yields and liquidity with regular OTC CDB bonds, the bonds are also meaningful in the sense that social public investments will be used directly to support the coordinated development of Beijing-Tianjin-Hebei region and make positive contribution to a complementary and mutually beneficial new development pattern in the region.

In recent years, ICBC prioritized service for regional coordinated development as a major strategy and kept enlarging financial support to boost coordinated development of Beijing-Tianjin-Hebei region. Regarding bond underwriting, it underwrote over RMB480 billion bonds of various types for enterprises in the region in 2020, covering multiple sectors such as traffic and transportation, electricity and energy.