By Marisa Wong
Morgantown, W.Va., March 7 – Industrial and Commercial Bank of China Ltd. issued $1.4 billion 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 $700 million of notes due 2021 and $700 million of notes due 2023.
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
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $1.4 billion
|
| Maturity: | 2021 for $700 million and 2023 for $700 million
|
| Announcement date: | March 7
|
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