ICBC Singapore sets guidance at Treasuries plus 180 bps for dollar benchmark 31/2-year notes

By Christine Van Dusen

Atlanta, May 14 - Industrial and Commercial Bank of China Ltd.'s Singapore branch set talk at Treasuries plus 180 basis points for its planned issue of dollar-denominated and benchmark-sized notes due in 3½ years (expected rating: A1), a market source said.

ICBC Singapore branch, ICBC Asia, ICBC International, DBS Bank, HSBC, JPMorgan and Standard Chartered Bank are the bookrunners for the Regulation S deal, which could price as soon as Wednesday.

ICBC is a lender based in Beijing.

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