ICBC issues multiple series of medium-term notes

Industrial and Commercial Bank of China (ICBC) [SSE:601398] announced the successful listing of several series of medium-term notes under its US$20 billion global medium-term note issuance program. The listings include notes issued by its Hong Kong, Singapore, and Dubai branches. Specifically, the Hong Kong branch issued USD 1,000,000,000 floating rate notes maturing in 2028. The Singapore branch issued notes with a 4.125% interest rate, also maturing in 2028, amounting to USD 300,000,000. The Dubai branch issued notes with a 2.00% interest rate, maturing in 2028, totaling CNY 3,000,000,000. The notes are available for purchase by professional investors only. The notes are also intended to be listed on the Singapore Exchange and included in the official list of securities of the Dubai Financial Services Authority, as well as being approved for trading on Nasdaq Dubai.