Published on 8/25/2020 in the Prospect News Emerging Markets Daily.
New Issue: China’s ICBC sells $900 million of 1¾% notes due 2025
By Sarah Lizee
Olympia, Wash., Aug. 25 – ICBCIL Finance Co. Ltd. issued $900 million of 1¾% notes due 2025, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
ICBC, ANZ, Bank of China, Bank of Communications, BNP Paribas, CCB International, Goldman Sachs (Asia) LLC, HSBC, J.P. Morgan and Mizuho Securities are the joint global coordinators, joint bookrunners and joint lead managers.
The notes were issued out of the $20 billion medium-term note program that has benefit of a keepwell and liquidity support deed by ICBC Financial Leasing Co., Ltd.
The listing is expected to become effective on Wednesday.
ICBC is based in Beijing.
| Issuer: | ICBCIL Finance Co. Ltd.
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| Issue: | Notes
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| Amount: | $900 million
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| Maturity: | 2025
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| Bookrunners: | ICBC, ANZ, Bank of China, Bank of Communications, BNP Paribas, CCB International, Goldman Sachs (Asia) LLC, HSBC, J.P. Morgan and Mizuho Securities
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| Coupon: | 1¾%
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| Announcement date: | Aug. 25
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| Listing date: | Aug. 26
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