ICBC SG leads the way with $800m return

Singapore 230px
By Rev Hui
04 May 2016

The Singapore branch of Industrial and Commercial Bank of China has become the lender’s first offshore unit to issue a fixed rate dollar bond this year, raising a larger than expected $800m.

Many of the Chinese lender's international branches were in the dollar bond market in full force last year, raising a combined $2.6bn through six transactions.

ICBC Luxembourg continued that trend at the start of 2016 with a $500m three year offering in January, although the funds were raised ...

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