ICBC returns to Aussie dollar bonds
Industrial and Commercial Bank of China’s Sydney branch launched its second ever Aussie dollar deal on Monday, printing a successful A$650m ($677m) three year transaction.
The borrower priced the bond at 100bp over swaps after receiving A$750m in orders.
The deal will help fund the Sydney branch, which was opened in 2008 and first tapped the domestic bond market in 2011. ICBC is now expanding its business in the country, said a debt
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