ICBC, BoCom bank on investor appetite for FRNs
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ICBC, BoCom bank on investor appetite for FRNs


Industrial and Commercial Bank of China (ICBC) and Bank of Communications (BoCom), enjoyed success with their decision to jump on the floating rate note (FRN) bandwagon on Monday, via their Hong Kong branches. The former bagged $2bn from a triple-tranche offering and the latter $850m from a three year floater.

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