New York, Sept. 9 - Industrial and Commercial Bank of China (Asia) Ltd. priced an upsized $400 million of five-year notes (A2) at 99.513 to yield 4.234% Thursday.
The deal was increased from an originally announced size of $300 million.
Goldman Sachs (Asia) LLC, Hongkong and Shanghai Banking Corp. Ltd. and JP Morgan Securities Ltd. were joint lead managers for the notes, which were offered under Regulation S. There was no public distribution in Hong Kong.
The Hong Kong-based issuer will use proceeds for general corporate purposes.
| Issuer: | Industrial and Commercial Bank of China (Asia) Ltd. via ICBCA (C.I.) Ltd.
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| Issue: | Notes
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| Amount: | $400 million (up from $300 million)
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| Maturity: | Sept. 16, 2009
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| Coupon: | 4 1/8%
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| Price: | 99.513
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| Yield: | 4.234%
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| Call: | Non-callable
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| Ratings: | Moody's: A2
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| Pricing date: | Sept. 9
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| Settlement: | Sept. 16
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| Distribution: | Regulation S
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| Lead managers: | Goldman Sachs (Asia) LLC, Hongkong and Shanghai Banking Corp. Ltd., JP Morgan Securities Ltd.
|
| Co-manager: | ICEA Securities Ltd.
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