Industrial Bank issued 3 billion yuan worth of "Yulan Bonds" with a peak subscription multiple of over 4.3 times.

Industrial Bank announced on its WeChat official account that on January 15th, Industrial Bank became the first in the market to issue offshore bonds under the "Yulan Bond" model as a bank in the free trade zone, with a total issuance of 3 billion RMB and a maturity of 3 years. Industrial Bank stated that the funds raised from this bond issuance will be used specifically for new productive forces in the fields of information and communications, advanced materials, and biomedicine. The coupon rate is 1.95%, which is 50 basis points lower than the initial price guidance. This issuance has attracted active participation from various types of investment institutions such as banks, securities firms, asset management companies, and insurance companies. The peak subscription multiple exceeded 4.3 times, setting a historical record for the peak order size and subscription multiple of the Yulan bond issuance.