Bloomberg News

ICBC Singapore Said to Tighten Guidance on U.S. Dollar Bonds

March 02, 2012

Industrial & Commercial Bank of China (601398) Ltd.’s Singapore unit plans to sell $300 million of bonds at a spread of about 190 basis points to 195 basis points more than similar-maturity Treasuries, according to a person familiar with the matter.

Standard Chartered Plc is managing the sale, 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: Katrina Nicholas at knicholas2@bloomberg.net


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