Industrial and Commercial Bank of China (ICBC) has become one of the world’s leading banks by combining a solid foundation with strategic transformation and updating to its business.
ICBC Asia, the offshore subsidiary of China's largest bank, sells $1bn alternative tier one bond, becoming the first Asian lender to issue a dollar bond in the format this year.
China’s biggest lender sells $5.7 billion of offshore Additional tier-1 notes in three different currencies, obtaining a staggering $28 billion total order book.