ICBC turns to Singapore for more dim sum

By Steven Gilmore
19 Nov 2013

Industrial & Commercial Bank’s Singapore branch opened books on a two year dim sum deal on Tuesday, just a week after the bank’s London arm sold Rmb2bn across two tranches to European accounts.

Bookrunners DBS Bank and ICBC Singapore, ICBC, ICBC International and Standard Chartered opened books with guidance in the 3.35% yield area for the new two year deal. This is the same level at which ICBC sold it's three year bond last week.

“They’ll want to tighten guidance in ...

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