ICBC Sydney launches three-year domestic FRN
- Thursday, 21 March 2019
Industrial and Commercial Bank of China Sydney Branch (ICBC Sydney) (A/A1/A) launched a three-year floating-rate note (FRN) domestic benchmark on 21 March. The forthcoming deal has indicative price guidance of 104 basis points area over three-month bank bills and is expected to price the day after launch, according to joint bookrunners ANZ, ICBC, National Australia Bank and Westpac Institutional Bank.
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