Published on 6/12/2015 in the Prospect News Emerging Markets Daily.
New Issue: China’s ICBC prices RMB 1.5 billion 3.9% notes due 2018 at par
By Christine Van Dusen
Atlanta, June 12 – Industrial and Commercial Bank of China Ltd. priced RMB 1.5 billion three-year notes (expected rating: A3) at par to yield 3.9% on Thursday, a market source said.
HSBC, ICBC Asia, ICBC London, ICBC International and MUFG were the bookrunners for the Regulation S-only deal.
The issuer is based in Beijing.
| Issuer: | Industrial and Commercial Bank of China Ltd.
|
| Amount: | RMB 1.5 billion
|
| Maturity: | June 18, 2018
|
| Description: | Senior notes
|
| Bookrunners: | HSBC, ICBC Asia, ICBC London, ICBC International, MUFG
|
| Coupon: | 3.9%
|
| Price: | Par
|
| Yield: | 3.9%
|
| Trade date: | June 11
|
| Settlement date: | June 18
|
| Expected rating: | Moody’s: A3
|
| Distribution: | Regulation S only
|
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