New Issue: ICBC’s Singapore branch sells $1.5 billion floaters due 2022, 2024

By Marisa Wong

Morgantown, W.Va., April 25 – Industrial and Commercial Bank of China Ltd.’s Singapore branch issued $900 million of floating-rate notes due 2022 and $600 million of floating-rate notes due 2024 on Thursday, according to separate notices.

ICBC, Singapore Branch, Industrial and Commercial Bank of China (Asia) Ltd., Industrial and Commercial Bank of China (Europe) SA, ICBC International Securities Ltd., Credit Agricole CIB, DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd., Standard Chartered Bank, Agricultural Bank of China Ltd. Hong Kong Branch, Agricultural Bank of China Ltd., Singapore Branch, Bank of China Ltd., Bank of Communications Co., Ltd. Hong Kong Branch, Cathay United Bank Co., Ltd., China Construction Bank Corp., Singapore Branch, China Everbright Bank Co., Ltd., Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Citigroup Global Markets Ltd., CTBC Bank Co. Ltd., Emirates NBD Bank PJSC, First Abu Dhabi Bank PJSC, ING Bank NV, Singapore Branch, Malayan Banking Bhd., Mizuho Securities Asia Ltd., Oversea-Chinese Banking Corp. Ltd. and SMBC Nikko Capital Markets Ltd. are the bookrunners.

The bank is based in Beijing.

Issuer:	Industrial and Commercial Bank of China Ltd., Singapore Branch
Issue:	Notes
Amount:	$1.5 billion
Bookrunners:	ICBC, Singapore Branch, Industrial and Commercial Bank of China (Asia) Ltd., Industrial and Commercial Bank of China (Europe) SA, ICBC International Securities Ltd., Credit Agricole CIB, DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd., Standard Chartered Bank, Agricultural Bank of China Ltd. Hong Kong Branch, Agricultural Bank of China Ltd., Singapore Branch, Bank of China Ltd., Bank of Communications Co., Ltd. Hong Kong Branch, Cathay United Bank Co., Ltd., China Construction Bank Corp., Singapore Branch, China Everbright Bank Co., Ltd., Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Citigroup Global Markets Ltd., CTBC Bank Co. Ltd., Emirates NBD Bank PJSC, First Abu Dhabi Bank PJSC, ING Bank NV, Singapore Branch, Malayan Banking Bhd., Mizuho Securities Asia Ltd., Oversea-Chinese Banking Corp. Ltd. and SMBC Nikko Capital Markets Ltd.
Coupon:	Floating
Settlement date:	April 25
2022 notes
Amount:	$900 million
Maturity:	2022
2024 notes
Amount:	$600 million
Maturity:	2024

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