ICBC, BoCom bonds widen in aftermarket

Bank of Communications_Adobe_8July
By Alice Huang
14 Jul 2020

Dollar bonds sold by Bank of Communications and Industrial and Commercial Bank of China widened in the aftermarket on Tuesday after both firms took a tight approach to pricing.

ICBC grabbed $1.6bn from its deal, split equally between a three year bond and a five year note. It sold fixed rate deals on Monday.  

The bank originally planned to do a triple-tranche deal with an additional two year floating rate note, said a syndicate banker on the ...

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