New Issue: China’s ICBC sells $700 million 1% guaranteed notes due 2025

By Wendy Van Sickle

Columbus, Ohio, July 28 – ICBC International Holdings Ltd. sold $700 million of 1.7% five-year notes, according to a listing notice with the Stock Exchange of Hong Kong, Ltd.

The notes are guaranteed by ICBC and were issued via its Horse Gallop Finance Ltd. subsidiary.

ICBC, HSBC, Agricultural Bank of China Ltd. Hong Kong Branch, ANZ, Bank of China, China Construction Bank (Asia), China Minsheng Banking Corp., Ltd. Hong Kong Branch, CMB Wing Lung Bank Ltd., CMBC Capital and Mizuho Securities are the global coordinators and are joined as lead arrangers and bookrunners by ABC International, CCB International, China Citic Bank International, China Everbright Bank Hong Kong Branch, Maybank, Nanyang Commercial Bank and Shanghai Pudong Development Bank Hong Kong Branch.

ICBC is based in Beijing.

Issuer:	Horse Gallop Finance Ltd.
Guarantor:	ICBC International Holdings Ltd.
Issue:	Medium-term notes
Amount:	$700 million
Maturity:	2025
Bookrunners:	ICBC, HSBC, Agricultural Bank of China Ltd. Hong Kong Branch, ANZ, Bank of China, China Construction Bank (Asia), China Minsheng Banking Corp., Ltd. Hong Kong Branch, CMB Wing Lung Bank Ltd., CMBC Capital, Mizuho Securities, ABC International, CCB International, China Citic Bank International, China Everbright Bank Hong Kong Branch, Maybank, Nanyang Commercial Bank and Shanghai Pudong Development Bank Hong Kong Branch
Coupon:	1.7%
Pricing date:	July 21
Listing date:	July 29
Listing:	Stock Exchange of Hong Kong Ltd.

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