New Issue: China’s ICBC sells $1.2 billion floaters in tranches due 2021, 2023

By Marisa Wong

Morgantown, W.Va., April 17 – Industrial and Commercial Bank of China Ltd. issued $1.2 billion of floating-rate notes through its Singapore branch, according to a Stock Exchange of Hong Kong Ltd. notice on Tuesday.

The issuance included $700 million of notes due 2021 and $500 million of notes due 2023.

Details of the issuance were not disclosed.

ICBC is based in Beijing.

Issuer:	Industrial and Commercial Bank of China Ltd., Singapore Branch
Issue:	Floating-rate notes
Amount:	$1.2 billion (in tranches of $700 million and $500 million)
Maturity:	2021 for $700 million, 2023 for $500 million
Announcement date:	April 17

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