China’s ICBCIL applies to list $20 billion medium-term note program

By Angela McDaniels

Tacoma, Wash., Sept. 23 – ICBCIL Finance Co. Ltd. applied to list a $20 billion medium-term note program on the Stock Exchange of Hong Kong Ltd.

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, CMB Wing Lung Bank Ltd. and Goldman Sachs (Asia) LLC.

The listing of the program was expected to become effective Tuesday.

ICBC Financial Leasing is a leasing company based in Beijing.

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