ICBC Dubai talks five-year notes to yield 120 bps over Treasuries

By Christine Van Dusen

Atlanta, May 18 – Industrial and Commercial Bank of China Ltd., Dubai (DIFC) Branch set talk at Treasuries plus 120 basis points for a dollar-denominated and benchmark-sized offering of notes due in five years, a market source said.

Citigroup, Emirates NBD, ICBC International and National Bank of Abu Dhabi are the bookrunners for the Regulation S deal, which is expected to price on Monday.

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