Tag Archive: ICBC AT1 USD ISSUE

NEW DEAL: ICBC Asia US$ AT1 Perp NC5, IPT 4.75% Area

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Issuer: Industrial and Commercial Bank of China (Asia) Issuer ratings: A2/–/A Basel-III non-cumulative subordinated AT1 Exp. issue rating: Ba1/–/– Reg S UOP: Funding, GCP Distribution rate: Fixed rate, subject to fixed reset periods,… Continue reading

New CoCo Issue Alert : ICBC AT1 PREFERENCE SHARES

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ICBC AT1 USD/CNH/EUR NEW REG S/144A MULTI CURRENCY (USD/CNH/EUR) AT1 PREFERENCE SHARES ANNOUNCED TOTAL AUTHORIZED OFFSHORE SIZE UP TO RMB 35BN (~US$5.7BN EQUIVALENT) ALL TRANCHES SUBSTANTIALLY OVERSUBSCRIBED FROM IOIs POST GLOBAL ROADSHOW PRICE… Continue reading