ICBC and OCBC unearth ravenous bid for new Asian names from Australian investors

07 Jul 2011

Industrial and Commercial Bank of China sold its first Australian dollar bond this week, taking advantage of an increasingly adventurous investor base that is hungry for new names and big deals.

The Chinese bank met debt investors in Australia two weeks ago, and got a strong enough response that it pushed ahead with its debut Australian dollar issue in the middle of this week. ICBC had only planned to raise A$200m from the deal — but after heavy demand ...

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