Bloomberg News

ICBC Singapore Said to Plan Dollar-Denominated Bond Sale Today

March 01, 2012

Industrial & Commercial Bank of China (601398) Ltd.’s Singapore unit plans to sell a 5 1/2 year dollar- denominated bond today to yield about 200 basis points more than equivalent-maturity Treasuries, according to a person familiar with the matter. Standard Chartered Plc was hired to manage the offering, the person said, asking not to be identified because the details are private.

To contact the reporter on this story: Rachel Evans in Hong Kong at revans43@bloomberg.net

To contact the editor responsible for this story: Beth Thomas at bthomas1@bloomberg.net


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