ICBC HK markets dual-tranche FRNs

Industrial and Commercial Bank of China’s Hong Kong branch is marketing a floating rate Reg S transaction featuring a three and a five year, having recently raised $1.1bn from a similar deal.

  • By Addison Gong
  • 19 Jun 2017


Initial price guidance for the new three year was set in the 100bp over three month Libor area, and for the five year at the 110bp over area.

Bank of America Merrill Lynch, HSBC, ICBC, National Australia Bank and Standard Chartered are working on the deal as joint global ...

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Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

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1 CITIC Securities 11,427.98 67 5.99%
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1 HSBC 28,004.30 186 8.21%
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5 Standard Chartered Bank 14,573.61 109 4.27%

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