Published on 5/18/2015 in the Prospect News Emerging Markets Daily.
New Issue: China’s ICBC prices $500 million 2 5/8% five-year notes at 120 bps over Treasuries
By Christine Van Dusen
Atlanta, May 18 – Industrial and Commercial Bank of China Ltd. priced $500 million 2 5/8% five-year notes at 99.689 to yield Treasuries plus 120 basis points, a market source said.
Citigroup, Emirates NBD, ICBC International and National Bank of Abu Dhabi were the bookrunners for the Regulation S deal.
The issuer is based in Beijing.
| Issuer: | Industrial and Commercial Bank of China Ltd.
|
| Amount: | $500 million
|
| Maturity: | May 26, 2020
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, Emirates NBD, ICBC International, National Bank of Abu Dhabi
|
| Coupon: | 2 5/8%
|
| Price: | 99.689
|
| Spread: | Treasuries plus 120 bps
|
| Trade date: | May 18
|
| Settlement date: | May 26
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
