ICBC Dubai branch sets initial price guidance for benchmark USD bond-leads

May 18, 2015 3:13 AM

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DUBAI May 18 Industrial and Commercial Bank of China has released initial price guidance for a U.S. dollar-denominated benchmark bond to be issued through its branch in the Dubai International Financial Centre, a document from lead managers showed.

The five-year deal is earmarked to price in the area of 145 basis points over treasuries, and would be the first bond issued by ICBC through its DIFC branch.

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