China's ICBC sets talk for renminbi notes due in two, five years; pricing expected Tuesday

By Christine Van Dusen

Atlanta, April 15 - Industrial and Commercial Bank of China Ltd. gave guidance for its upcoming two-part issue of renminbi-denominated notes due in two and five years, a market source said.

The two-year notes were talked at 3.2%. The five-year notes were talked at 3.9%.

ICBC Asia, ICBC International, ICBC Singapore branch, HSBC, Citigroup and Credit Suisse are the bookrunners for the Regulation S deal.

The notes are expected to price on Tuesday.

The issuer is based in Beijing.

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