By Christine Van Dusen
Atlanta, Sept. 22 – Industrial and Commercial Bank of China Ltd.’s Singapore Branch priced a combined RMB 4 billion of notes in tranches due 2016, 2019 and 2021 (A1), a market source said.
The RMB 2 billion notes due 2016 came to the market at par to yield 3˝%.
The RMB 700 million notes due 2019 came to the market at par to yield 3.7%.
And the RMB 1.3 billion 3.95% notes due 2021 priced at par to yield 3.95%.
SinoPac Securities arranged the deal.
| Issuer: | Industrial and Commercial Bank of China Ltd.
|
| Amount: | RMB 4 billion
|
| Description: | Notes
|
| Bookrunner: | SinoPac Securities
|
| Rating: | Moody’s: A1
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 23
|
|
|
| Notes due 2016
|
| Amount: | RMB 2 billion
|
| Maturity: | Sept. 23, 2016
|
| Coupon: | 3˝%
|
| Price: | Par
|
| Yield: | 3˝%
|
|
|
| Notes due 2019
|
| Amount: | RMB 700 million
|
| Maturity: | Sept. 23, 2019
|
| Coupon: | 3.7%
|
| Price: | Par
|
| Yield: | 3.7%
|
|
|
| Notes due 2021
|
| Amount: | RMB 1.3 billion
|
| Maturity: | Sept. 23, 2021
|
| Coupon: | 3.95%
|
| Price: | Par
|
| Yield: | 3.95%
|
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