ICBC Sydney takes A$400 million in Australian domestic market debut [UPDATED]
- Wednesday, 06 July 2011
Industrial and Commercial Bank of China Sydney Branch (ICBC Sydney) (A/A1/A) completed its first-ever transaction in the Australian market on July 6, pricing a A$400 million (US$429.1 million) three-year transaction at 105 basis points over the bank bill swap rate (BBSW). The bank completed its A$4 billion domestic debt issuance programme on June 21 this year.
