By Marisa Wong
Morgantown, W.Va., May 24 – Industrial and Commercial Bank of China Ltd. issued $700 million and €500 million of floating-rate medium-term notes through its Dubai branch, according to a Stock Exchange of Hong Kong Ltd. notice on Wednesday.
The issuance included $300 million of notes due 2020, $400 million of notes due 2022 and €500 million of notes due 2020.
The notes were issued under the Dubai branch’s $4 billion MTN program.
Details of the issuance were not disclosed.
ICBC is based in Beijing.
| Issuer: | Industrial and Commercial Bank of China Ltd., Dubai Branch
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| Issue: | Floating-rate medium-term notes
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| Amount: | $700 million and €500 million
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| Maturity: | 2020 for $300 million and €500 million, 2022 for $400 million
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| Announcement date: | May 24
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