New Issue: China’s ICBC issues $800 million of 1% notes due 2023

By Wendy Van Sickle

Columbus, Ohio, Sept. 10 – ICBC Ltd., Singapore Branch issued $800 million of 1% notes due 2023, according to a notice of listing on the Singapore Stock Exchange.

ICBC Singapore Branch, Industrial and Commercial Bank of China (Asia) Ltd., Industrial and Commercial Bank of China Ltd., Dubai (DIFC) Branch, ICBC International Securities Ltd., Industrial and Commercial Bank of China (Macau) Ltd., ICBC Standard Bank plc, Citigroup Global Markets Singapore Ptd. Ltd., DBS Bank Ltd., SMBC Nikko Capital Markets Ltd. Standard Chartered Bank, Agricultural Bank of China Ltd. Hong Kong Branch, Agricultural Bank of China Ltd., Singapore Branch, Bank of Communications Co. Ltd. Hong Kong Branch, Cathay United Bank Co. Ltd. China Construction Bank (Asia) Corp. Ltd. China Everbright Bank Co. Ltd. Hong Kong Branch, China International Capital Corp. Hong Kong Securities Ltd., China Minsheng Banking Corp. Ltd. Hong Kong Branch, Credit Agricole CIB Singapore Branch, Commerzbank AG, Emirates NBD Bank PJSC, Malayan Banking Bhd., MUFG Securities Asia Ltd., National Australia Bank Ltd., Oversea-Chinese Banking Corp. Ltd., Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch, United Overseas Bank Ltd., E.Sun Commercial Bank Ltd. Hong Kong Branch and Mirae Asset Securities (Singapore) Pte. Ltd. were the joint global coordinators, joint bookrunners and joint lead managers.

The Regulation S notes were issued on Wednesday and are expected to be listed on Thursday.

The company also issued $1 billion of 1.2% notes due 2025 on Wednesday, as previously reported.

ICBC is based in Beijing.

Issuer:	ICBC Ltd. Singapore Branch
Issue:	Notes
Amount:	$800 million
Maturity:	2023
Bookrunners:	ICBC Singapore Branch, Industrial and Commercial Bank of China (Asia) Ltd., Industrial and Commercial Bank of China Ltd., Dubai (DIFC) Branch, ICBC International Securities Ltd., Industrial and Commercial Bank of China (Macau) Ltd., ICBC Standard Bank plc, Citigroup Global Markets Singapore Ptd. Ltd., DBS Bank Ltd., SMBC Nikko Capital Markets Ltd. Standard Chartered Bank, Agricultural Bank of China Ltd. Hong Kong Branch, Agricultural Bank of China Ltd., Singapore Branch, Bank of Communications Co. Ltd. Hong Kong Branch, Cathay United Bank Co. Ltd. China Construction Bank (Asia) Corp. Ltd. China Everbright Bank Co. Ltd. Hong Kong Branch, China International Capital Corp. Hong Kong Securities Ltd., China Minsheng Banking Corp. Ltd. Hong Kong Branch, Credit Agricole CIB Singapore Branch, Commerzbank AG, Emirates NBD Bank PJSC, Malayan Banking Bhd., MUFG Securities Asia Ltd., National Australia Bank Ltd., Oversea-Chinese Banking Corp. Ltd., Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch, United Overseas Bank Ltd., E.Sun Commercial Bank Ltd. Hong Kong Branch and Mirae Asset Securities (Singapore) Pte. Ltd.
Coupon:	1%
Issue date:	Sept. 9
Listing date:	Sept. 10
Distribution:	Regulation S

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