Published on 6/11/2019 in the Prospect News Emerging Markets Daily.
New Issue: ICBC sells $1.5 billion floating-rate notes due 2022, 2024
By Sarah Lizee
Olympia, Wash., June 11 – Industrial and Commercial Bank of China Ltd. sold $1.5 billion of floating-rate medium-term notes in tranches due 2022 and 2024, according to a notice.
The bank’s Luxembourg branch issued $750 million of floating-rate notes due 2022 and $750 million of floating-rate notes due 2024 under its €8 billion medium-term note program.
ICBC is based in Beijing.
| Issuer: | Industrial and Commercial Bank of China Ltd., Luxembourg branch
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| Issue: | Floating-rate medium-term notes
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| Amount: | $1.5 billion
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| Announcement date: | June 11
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| Three-year notes
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| Amount: | $750 million
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| Maturity: | 2022
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| Five-year notes
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| Amount: | $750 million
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| Maturity: | 2024
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