By Christine Van Dusen
Atlanta, Nov. 20 - Industrial and Commercial Bank of China Ltd. priced RMB 2 billion two-year notes (expected ratings: A1/A/) at par to yield 3.2% on Tuesday, a market source said.
DBS Bank, ICBC Singapore, ICBC (Asia), ICBC International and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The transaction followed closely on the heels of a two-tranche issue of RMB 2 billion notes due in three and five years.
That Regulation S deal included RMB 1.3 billion 3.35% notes due 2016 that priced at par and RMB 700 million 3¾% notes due 2018 that priced at par.
ICBC London, ICBC Asia, ICBC International, RBS, JPMorgan and Standard Chartered Bank were the bookrunners for the transaction.
The bank is based in Beijing.
| Issuer: | Industrial and Commercial Bank of China Ltd.
|
| Amount: | RMB 2 billion
|
| Maturity: | Nov. 28, 2015
|
| Description: | Senior notes
|
| Bookrunners: | DBS Bank, ICBC Singapore, ICBC (Asia), ICBC International, Standard Chartered Bank
|
| Coupon: | 3.2%
|
| Price: | Par
|
| Yield: | 3.2%
|
| Trade date: | Nov. 19
|
| Settlement date: | Nov. 28
|
| Expected ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Distribution: | Regulation S
|
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