ICBC nets $1.8bn from dual-tranche return

ICBC_Adobe_2Sep
By Alice Huang
02 Sep 2020

Industrial and Commercial Bank of China used its Singapore arm to raise more than planned from a dual-tranche bond on Tuesday, taking a total of $1.8bn after tightening pricing by 40bp on both portions.

The bank had come to the bond market as recently as in July, when its Hong Kong branch raised $1.6bn from a three year deal and a five year portion.

For its return on Tuesday, ICBC opted to use its tried-and-tested approach. It came out with the ...

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