China’s ICBCIL launches $20 billion medium-term note program

By William Gullotti

Buffalo, N.Y., July 16 – ICBCIL Finance Co. Ltd. applied to list a $20 billion medium-term note program on the Stock Exchange of Hong Kong Ltd., according to a notice Thursday.

The program has the benefit of a keepwell and liquidity support deed and a deed of asset purchase undertaking provided by ICBC Financial Leasing Co., Ltd.

The dealers and arrangers are ICBC, Bank of China, Bank of Communications, BNP Paribas and Goldman Sachs (Asia) LLC.

The listing of the program is expected to become effective July 16.

ICBC Financial Leasing is a leasing company based in Beijing.

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