By Sarah Lizee
Olympia, Wash., Nov. 20 – ICBCIL Finance Co. Ltd. sold $600 million of floating-rate notes due 2024, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
ICBC, Bank of China, Bank of Communications, BNP Paribas, Goldman Sachs (Asia) LLC, HSBC, Bank of America and Mizuho Securities are the joint global coordinators and are joint bookrunners with ANZ, CCB International, CMBC Capital, CMB International and MUFG.
Listing is expected for Thursday.
The notes are being issued out of the company’s $20 billion medium-term note program.
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.
ICBC Financial Leasing is a leasing company based in Beijing.
| Issuer: | ICBCIL Finance Co. Ltd.
|
| Issue: | Floating-rate notes
|
| Amount: | $600 million
|
| Maturity: | 2024
|
| Bookrunners: | ICBC, Bank of China, Bank of Communications, BNP Paribas, Goldman Sachs (Asia) LLC, HSBC, Bank of America and Mizuho Securities (joint global coordinators), ANZ, CCB International, CMBC Capital, CMB International and MUFG
|
| Coupon: | Floating-rate
|
| Announcement date: | Nov. 20
|
| Listing date: | Nov. 21
|
| Distribution: | Regulation S
|
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