The ICBC plans to issue $25 billion A-share CBs and raise up to 45 billion yuan via a rights issue in Shanghai and Hong Kong.
Industrial and Commercial Bank of China (601398.SH/001398.HK), the world's largest lender by market value, is planning to issue $25 billion convertible bonds on Wednesday.
The issue would get approval from China Securities Regulatory Commission with no suspense, according to analysts, and will affect the price of the CBs in a short term.