ICBC garners European support for dim sum; Ping An, BOC Aviation return
Industrial and Commercial Bank of China priced an unrated dual tranche dim sum that attracted over Rmb3bn in orders from European and UK investors on the day the lender was added to the Financial Stability Board’s list of globally systemically important banks (G-SIBSs).
The commercial bank issued a dual tranche Rmb1.3bn ($213m) three year at 3.35% and the Rmb700m ($115m) five year at 3.75% on Tuesday. The bond was aimed at attracting a UK investor and were mainly marketed in London.The deal attracted Rmb8.5bn in total orders, of which Rmb3bn ...
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