Treasury & Capital Markets
ICBC achieves lowest yield with latest capital bonds
Deal secures one of largest order books for an Asian financial entity despite challenging environment
The Asset
17 Sep 2021
The Industrial and Commercial Bank of China ( ICBC ) on September 16 priced a US$6.16 billion Basel III-compliant undated additional tier-1 ( AT1 ) capital bonds, representing the first capital offering from China this year and the largest single-ranche issuance from Asia in the past four years.
