ICBC Asia delays planned $300 million five-year bond sale

By Reshmi Basu

New York, July 6 - Industrial and Commercial Bank of China (Asia) has postponed its planned offering of $300 million bonds due 2009 (corporate credit rating A2) because of technical problems, according to a market source.

Goldman Sachs, HSBC, and JP Morgan were running the Regulation S offering.

A roadshow was set to start July 5 in Singapore.

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