Pricing details on ICBC Sydney's market return [UPDATED]
- Wednesday, 06 February 2013
Industrial and Commercial Bank of China Sydney Branch (ICBC Sydney) (A/A1/A) priced its second-ever deal into the Australian domestic market on February 5, selling A$650 million (US675 million) of new three-year floating rate notes (FRNs). ICBC Sydney's previous Australian market deal came in July 2011, when it sold A$400 million (US$416.7 million) of three-year paper at 105 basis points over bank bills.
