ICBC prepares debut Formosa bond, may opt for dual listing
Sean Gladwell - Fotolia
Industrial and Commercial Bank of China (ICBC), China’s biggest state-owned bank, is looking to make its debut on Taiwan’s Formosa bond market, DCM bankers have told GlobalRMB. Following in the footsteps of its Chinese peers in looking to sell a renminbi bond on the GreTai Securities Market (GSM), ICBC could be targeting around Rmb3bn (US$488.5m).
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts