Published on 4/1/2011 in the Prospect News Emerging Markets Daily.
New Issue: China's ICBC prices $260 million notes due 2014 at par to yield Libor plus 80 bps
By Christine Van Dusen
Atlanta, April 1 - Industrial and Commercial Bank of China Ltd. sold $260 million notes due April 7, 2014 at par to yield Libor plus 80 basis points on Thursday, a market source said.
Standard Chartered was the bookrunner for the notes.
ICBC is a lender based in Beijing.
| Issuer: | Industrial and Commercial Bank of China Ltd.
|
| Amount: | $260 million
|
| Maturity: | April 7, 2014
|
| Description: | Senior notes
|
| Bookrunner: | Standard Chartered
|
| Coupon: | Libor plus 80 bps
|
| Price: | Par
|
| Yield: | Libor plus 80 bps
|
| Trade date: | March 31
|
| Settlement date: | April 7
|
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