Published on 5/25/2018 in the Prospect News Emerging Markets Daily.
New Issue: China’s ICBC sells $650 million floaters in tranches due 2021, 2023
By Marisa Wong
Morgantown, W.Va., May 25 – Industrial and Commercial Bank of China Ltd. issued $350 million of floating-rate notes due 2023 through its Singapore branch, according to a notice.
The bank also issued $300 million of floating-rate notes due 2021 through its Sydney branch, according to a separate notice.
Details of the issuances were not disclosed.
ICBC is based in Beijing.
| Issue: | Floating-rate notes
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| Amount: | $650 million
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| Announcement date: | May 25
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|
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| 2023 notes
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| Issuer: | Industrial and Commercial Bank of China Ltd., Singapore branch
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| Amount: | $350 million
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| Maturity: | 2023
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| 2021 notes
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| Issuer: | Industrial and Commercial Bank of China Ltd., Sydney branch
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| Amount: | $300 million
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| Maturity: | 2021
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