By Marisa Wong
Los Angeles, Oct. 18 – Industrial and Commercial Bank of China Ltd. issued $1 billion of floating-rate medium-term notes through its Dubai branch, according to a Stock Exchange of Hong Kong Ltd. notice on Friday.
The issuance included $500 million of notes due 2022 and $500 million of notes due 2024.
The notes were issued under the Dubai branch’s $8 billion MTN program.
Details of the issuance were not disclosed.
ICBC is based in Beijing.
| Issuer: | Industrial and Commercial Bank of China Ltd., Dubai Branch
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $1 billion
|
| Maturity: | 2022 for $500 million and 2024 for $500 million
|
| Announcement date: | Oct. 18
|
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