By Marisa Wong
Morgantown, W.Va., Oct. 23 – Industrial and Commercial Bank of China Ltd. issued RMB 1.25 billion of 4˝% notes due 2021 through its Singapore branch, according to a notice.
The offshore renminbi-denominated fixed-rate notes were listed on the Singapore Exchange on Tuesday.
The bank also issued $1 billion of floating-rate notes due 2021 and 2023 through its London branch, according to a separate notice.
The bank’s London branch issued $500 million of floaters due 2021 and $500 million of floaters due 2023 under its $10 billion medium-term note program.
The floating-rate notes are expected to be admitted to trading on the London Stock Exchange on Thursday.
Details of the issuances were not disclosed.
ICBC is based in Beijing.
| Issue: | Medium-term notes
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| Amount: | RMB 1.25 billion and $1 billion
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| Announcement date: | Oct. 23
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| Fixed-rate notes
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| Issuer: | Industrial and Commercial Bank of China Ltd., Singapore branch
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| Amount: | RMB 1.25 billion (offshore renminbi)
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| Maturity: | 2021
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| Coupon: | 4˝%
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|
|
| 2021 floaters
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| Issuer: | Industrial and Commercial Bank of China Ltd., London branch
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| Amount: | $500 million
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| Maturity: | 2021
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| 2023 floaters
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| Issuer: | Industrial and Commercial Bank of China Ltd., London branch
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| Amount: | $500 million
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| Maturity: | 2023
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