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ICBC's HK Branch Reportedly Issues USD1B 3-Yr Bond
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Rumor has it that ICBC's Hong Kong branch issued a USD1 billion bond with a coupon rate of SOFR+38 bps. With a three-year maturity, the bond is issued under RegS rules and is classified as senior unsecured, having a floating rate, and part of ICBC's USD20 billion global medium-term note program. The funds raised will be used for general corporate purposes, and the settlement date is set for next Monday (16th). AAStocks Financial News |
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