By Christine Van Dusen
Atlanta, Nov. 28 – Industrial and Commercial Bank of China Ltd. priced $500 million three-year floating-rate notes (expected rating: A1) at par to yield Libor plus 87.5 basis points, according to a company announcement.
The deal was sold under Regulation S.
Other details were not immediately available on Monday.
The bank is based in Beijing.
| Issuer: | Industrial and Commercial Bank of China Ltd., London Branch
|
| Amount: | $500 million
|
| Maturity: | Nov. 29, 2019
|
| Description: | Floating-rate notes
|
| Coupon: | Libor plus 87.5 bps
|
| Price: | Par
|
| Yield: | Libor plus 87.5 bps
|
| Call: | Non-callable
|
| Trade date: | Nov. 25
|
| Settlement date: | Nov. 29
|
| Expected rating: | Moody’s: A1
|
| Distribution: | Regulation S
|
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