Commentary & Deal Flow

Reoffer: 3yr: SOFR+48bp / 100

Final Books: > US$3.1bn (incl. US$1.41bn JLM ints + US$300.23m add'l prop per HKSFC)

Launched: 3yr: US$600m @ SOFR+48bp
Guidance: 3yr: SOFR+48bp - Books > US$3.1bn (incl. US$1.41bn JLM ints + US$300.23m add'l prop per HKSFC)
IPTs: 3yr: SOFR+105a

• Issuer: ICBCIL Finance Co. Limited
• Keepwell and Liquidity Support Deed / Deed of Asset Purchase Undertaking Provider: ICBC Financial Leasing Co Ltd. (the “Company")
• Company Ratings: A1 Stable (Moody’s) / A Stable (S&P) / A Stable (Fitch)
• Issuer Ratings: A Stable (S&P) / A Stable (Fitch)
• Expected Issue Ratings: A1 (Moody’s) / A (Fitch)
• Status: Senior Unsecured Sustainability Notes (the "Notes")
• Format: Regulation S (Category 2), registered form, drawdown under the MTN programme
• Issue Size: US$600m
• Tenor & Type: 3-year SOFR FRN
• Re-Offer Spread / Price: SOFR Compounded Index + 48bps / 100
• Coupon: SOFR Compounded Index + 48bps (Quarterly, ACT/360)
• SOFR Convention: SOFR Compounded Index where SOFR IndexStart and SOFR IndexEnd will be 5 U.S. Government Securities Business Days prior to the first date of the relevant Interest Accrual Period, and the relevant Interest Payment Date on which the Interest Accrual Period ends, respectively
• Use of Proceeds: The net proceeds or an equivalent amount of the net proceeds of the Notes will be used exclusively to finance and/or refinance Eligible Green and/or Social Assets as further described under "Renewable energy" and "Clean transportation (general)" and "Affordable basic infrastructure" categories in the Company’s Sustainable Finance Framework
• External Reviewer on the Framework: Moody’s Ratings
• Terms: SEHK Listing, US$200k/US$1k denominations, English Law
• JGCs, JLMs & JBRs: ICBC(1), Agricultural Bank of China(2), ANZ(3), Bank of China(4), Bank of Communications, BNP Paribas(5), China International Capital Corporation, CITIC Securities, CCB International, China Minsheng Banking Corp., Ltd.(6), China Securities International, Citigroup, CMB International, DBS Bank Ltd.(7), Goldman Sachs (Asia) L.L.C.(8), Haitong International, Industrial Bank Co., Ltd. Hong Kong Branch(9), J.P. Morgan, BofA Securities, Mizuho, MUFG, Standard Chartered Bank(10) and HSBC
• Sole Sustainability Structuring Bank: Standard Chartered Bank
• B&D Bank: HSBC
• Clearing: Euroclear / Clearstream
• Settlement Date: 18-May-26
• Maturity Date: 18-May-29
• ISIN: XS3367688887
• TOE: 19:15 HKT