Industrial Bank Hong Kong Branch announces $5 billion medium-term note program

By William Gullotti

Buffalo, N.Y., June 2 – Industrial Bank Co., Ltd. announced the establishment of a $5 billion medium-term note program, according to a company announcement on Wednesday.

Industrial Bank Co., Ltd. Hong Kong Branch and Citigroup are the joint arrangers and dealers under the program.

The program is expected to become effective June 3.

The lender is based in Fuzhou, in the Fujian Province.

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