By Christine Van Dusen
Atlanta, April 15 - Industrial and Commercial Bank of China Ltd. priced a combined RMB 2.5 billion of two- and five-year notes on Tuesday, a market source said.
The RMB 2 billion notes due in 2016 priced at par to yield 3.2%, matching price guidance.
The RMB 500 billion 3.9% notes due 2019 also priced at par and matched talk.
ICBC Asia, ICBC International, ICBC Singapore branch, HSBC, Citigroup and Credit Suisse were the bookrunners for the Regulation S deal.
The issuer is based in Beijing.
| Issuer: | Industrial and Commercial Bank of China Ltd.
|
| Amount: | RMB 2.5 billion
|
| Description: | Notes
|
| Bookrunners: | ICBC, HSBC, Citigroup, Credit Suisse
|
| Trade date: | April 15
|
| Settlement date: | April 22
|
| Rating: | Moody's: A1
|
| Distribution: | Regulation S
|
|
|
| Two-year notes
|
| Amount: | RMB 2 billion
|
| Maturity: | April 22, 2016
|
| Coupon: | 3.2%
|
| Price: | Par
|
| Yield: | 3.2%
|
| Price talk: | 3.2%
|
|
|
| Five-year notes
|
| Amount: | RMB 500 million
|
| Maturity: | April 22, 2019
|
| Coupon: | 3.9%
|
| Price: | Par
|
| Yield: | 3.9%
|
| Price talk: | 3.9%
|
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