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Industry & Construction Bank lowers guidance on $200-$300 million three-year notes to 6.95%-7%
By Reshmi Basu
New York, July 18 - Industry & Construction Bank lowered price guidance for a $200 million to $300 million offering of three-year notes to 6.95% to 7% from 7% to 7¼%, according to a market source.
The book order was more than $650 million at the original price guidance. The issue is expected to close Tuesday.
Vneshtorgbank controls the largest individual stake in the St. Petersburg, Russia-based private sector bank.
ABN Amro and Deutsche Bank are running the Regulation S transaction.
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