Horse Gallop Finance launches $4 billion medium-term note program

By William Gullotti

Buffalo, N.Y., July 15 – Horse Gallop Finance Ltd. is listing a $4 billion medium-term note program, according to a listing notice.

Notes issued under the program are guaranteed by ICBC International Holdings Ltd.

ICBC International, ICBC (Asia) and HSBC are the joint arrangers and joint dealers for the program.

The Regulation S program is expected to become effective July 16.

Horse Gallop Finance is incorporated in the British Virgin Islands and is a subsidiary of ICBC and acts as a fundraising vehicle for its parent.

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