China's ICBC mandates six bookunners for renminbi-denominated notes

By Christine Van Dusen

Atlanta, Oct. 27 - Industrial and Commercial Bank of China Ltd. has mandated HSBC, ICBC International, Bank of China, Credit Suisse, DBS Bank and Goldman Sachs as the bookrunners for a renminbi-denominated offering of notes, a market source said Thursday.

The notes will be distributed under Regulation S.

The company's board of directors recently approved the planned issuance of up to RMB 70 billion of subordinated bonds with maturities of five years or longer.

ICBC is a lender based in Beijing.

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