ICBC is the first entity from the mainland to tap the London Dim Sum market.
Industrial and Commercial Bank of China ICBC is set to raise Rmb2 billion from a renminbi-denominated bond in London after pricing two-tranche notes in the city.
Pricing is anchored at 3.4% plusminus 5bp for the three-year tranche and 3.8% plusminus 5bp for the five-year tranche. The final split between the two portions has not been settled.
“The deal generates strong interest from investors given scarcities of the kind in the...